Kering SA (KER.PA)
| Previous close | 278.15 |
| Open | 279.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 278.75 - 286.25 |
| 52-week range | 270.40 - 533.90 |
| Volume | |
| Avg. volume | 240,671 |
| Market cap | 34.839B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 16.78 |
| EPS (TTM) | 16.94 |
| Earnings date | 24 Jul 2024 |
| Forward dividend & yield | 14.00 (4.93%) |
| Ex-dividend date | 02 May 2024 |
| 1y target est | 360.70 |
- Yahoo Finance Video
Luxury retail slump: Kering predicts 30% sales drop in H2
The luxury retail sector is showing signs of weakness. French brand Kering (KER.PA) — which owns brands like Gucci and Balenciaga — expects sales to drop 30% in the second half of this year compared to last year. This news comes as other luxury giants like LVMH (MC.PA) — owner of Louis Vuitton and Dior — also report disappointing earnings, hinting at a broader slowdown for the high-end retail market in regions like China. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
- Investing.com
Gucci owner Kering stock down on weak earnings
Luxury conglomerate Kering (EPA:PRTP), best known for its Gucci brand, saw its shares tumble on Thursday after reporting a disappointing set of second-quarter results. The company’s overall sales dipped by 11% year-on-year on a constant currency basis, a steeper decline than analysts had anticipated. Gucci's revenue declined significantly in the first half of 2024, falling 20% year-over-year to €4.1 billion.
GlobeNewswireKering: Availability of the 2024 First-half report
KERING_Press release -Availability of the 2024 First-half report - 24 07 2024 PRESS RELEASE July 24, 2024 AVAILABILITY OF THE 2024 FIRST-HALF REPORT Kering has made its First-Half Report for the period ending June 30, 2024, accessible to the public on its website under the Finance section (https://www.kering.com/en/finance/). About Kering A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry: Gucci, Saint Laurent, Bottega Venet
