Kering Recovery Commentary

3 days ago

Chloe Malle

"Yeah absolutely and that is because the sales in the third quarter fell by much less than analysts had expected including at the Gucci business which was obviously the most important one for caring and this was actually the first set of results under the new CEO who was hired to kind of lead caring to recovery and turn things around and it seems like he's doing a pretty good job so far. So de demand recovered quite well in North America. Sales also improved in China. Obviously those are two of the most important uh luxury markets. We are still in negative territory. We were still talking about a sales drop overall. But analysts are now kind of seeing a way out of that. So some predict a return to growth as soon as early 2026."

The commentary highlights Kering's Q3 performance where sales dropped less than expected, particularly in its Gucci division, under the guidance of a new CEO. Despite an overall sales decline, improvements in North American and Chinese markets and expectations for growth beginning in early 2026 provide a cautiously optimistic outlook.