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) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 14.00 (4.93%) |
| Ex-dividend date | 02 May 2024 |
| 1y target est | N/A |
- 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.
- Reuters
Gucci-owner Kering forecasts 30% fall in H2 operating profit on sluggish China demand
PARIS (Reuters) -Kering reported a bigger-than-expected drop in second-quarter sales and forecast a weak second half, as the French luxury group works to revive its key label Gucci while facing subdued demand from Chinese shoppers. Sales at the French luxury group which also owns labels Boucheron and Balenciaga, fell to 4.5 billion euros ($4.9 billion), an 11% drop on an organic basis, which strips out currency effects and acquisitions. The figure was below analyst expectations for a 9% drop, according to a Visible Alpha consensus.
