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

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

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

Jewelry ‘Healthy’ at Kering Despite Difficult Year

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

Kering shares rise as earnings beat forecasts, Gucci shows signs of improvement READ SOURCE The post Kering shares rise as earnings beat forecasts, Gucci shows signs of improvement appeared first on Business Fast.

Gucci owner Kering sees 12% revenue drop in 2024

Luxury fashion conglomerate Kering, which owns Gucci, reported a significant downturn in its financial performance for the fiscal year 2024.The post Gucci owner Kering sees 12% revenue drop in 2024   appeared first on Retail Insight Network.

Gucci-owner Kering encourages investors on strong turnaround hopes

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…