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Kering shares rise as earnings beat forecasts, Gucci shows signs of improvement - Business Fast

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Sales of Kering's most important brand, Gucci, fell particularly sharply in 2024. Group-wide, revenues fell by 12 percent. But Kering CEO Francois-Henri Pinault is hoping for improvement. The share price is rising.

Der Umsatz von der bedeutendsten Kering-Marke Gucci ging 2024 besonders stark zurück. Konzernweit sanken die Erlöse um 12 Prozent. Kering-CEO Francois-Henri Pinault macht aber Hoffnung auf Besserung. Die Aktie zieht an.

Kering: Luxusgüterkonzern wegen Gucci-Krise unter Druck

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Kering: Luxury goods group under pressure due to Gucci crisis

Kering earned $4.52 billion in the fourth quarter 2024, better than predicted but still a 12 percent drop year-over-year.

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Penske Media Corporation

Kering’s Q4 Earnings Drop 12% as the Luxe Conglomerate Takes in $4.5 Billion

A minor increase in the group’s performance in key areas, including China and the US, encouraged investors despite luxury conglomerate Kering’s fourth-quarter sales being negatively impacted by a persistent decline at its flagship brand, Gucci, the company said on Tuesday. Early trading saw a 5 per cent increase in the French group’s shares as investors […] The post Gucci-owner Kering encourages investors on strong turnaround hopes appeared firs…

Apparel Resources

Gucci-owner Kering encourages investors on strong turnaround hopes

The net profit of Kering, the French luxury group, has reduced its net profit by half in 2024. Specifically, the profits of the company that controls firms like Gucci have decreased to 1,133 million euros, 62% less than the 2,983 million achieved a year ago.

El beneficio neto de Kering, el grupo francés del lujo, ha reducido su beneficio neto a la mitad en 2024. En concreto, las ganancias de la compañía que controla firmas como Gucci han menguado hasta los 1.133 millones de euros, un 62% menos que los 2.983 millones conseguidos hace un año.

Kering sube en bolsa pese a decepcionar y reducir a la mitad su beneficio en 2024

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Kering goes up in the stock market despite disappointing and reducing his benefit by half by 2024

Kering saw strong sales in its jewelry and watch divisions in 2024, even as a “difficult year” for the group led to a downturn in other segments.  Sales at Kering’s “other houses” category — which includes jewelry and watches as well as other fashion products — slipped 8% on a reported basis to EUR 3.22 billion ($3.32 billion), the French luxury conglomerate said Tuesday. Revenue at stores that were open a year earlier fell 7%. However, lower re…

Kering shares rise as earnings beat forecasts, Gucci shows signs of improvement - Business Fast

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