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15.04.26 - 14:27
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Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is "Premature" (ZeroHedge)
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Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is "Premature"
Goldman's Natasha de la Grense summed it up well this morning: "Money was waiting on the sidelines to buy luxury for a de-escalation play – that feels premature with three misses in three days."
Disappointments from Kering and Hermès, both of which fell short of analyst estimates, reinforced the view that the industry of fine wine, overpriced shirts, shoes, belts, and designer bags, is not yet out of the woods and sent the Goldman Sachs EU Luxury Goods Index (GSXELUXG) down more than 4%.
Gucci's turnaround appears to be faltering, with first-quarter revenue plunging 8% - nearly double the expected decline as the US-Iran conflict hit Middle East demand and tourism.
The conflict started late in the first quarter, resulting in an 11% sales drop in the Middle East (about 5% of revenue) and shaving roughly 1 percentage point off Kering's overall sales.
Shares of Kering i...
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15.04.26 - 08:06
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Gucci Sales Down, Revenue Slides (Bloomberg)
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Gucci sales fell, hurt by the conflict in the Middle East. Revenue at the Kering SA brand slid 8% on a comparable basis during the first quarter. Analysts were expecting a drop of 4.3%. Bloomberg Intelligence's Deborah Aitken breaks down the situation....
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14.04.26 - 21:49
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Kering Q1 Revenue Down 6% (AFX)
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PARIS (dpa-AFX) - Kering SA (PPRUF), the luxury goods company, on Tuesday reported first-quarter 2026 revenue of 3.57 billion euros, representing a 6 percent decline as reported, but remaining sta......
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14.04.26 - 08:48
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LVMH Misses Estimates; Kering, Hermes Set to Report (Bloomberg)
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Luxury goods firm LVMH reported first-quarter organic revenue that missed consensus estimates, driven by the underperformance of its key fashion and leather goods division. Kering and Hermès are also due to report this week, as Bloomberg Opinion's Andrea Felsted explains. Her views are her own. (Source: Bloomberg)...
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12.02.26 - 09:21
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Hermès liefert ab – LVMH und Co im Aufwind (Der Aktionaer)
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Hermès setzt erneut ein Ausrufezeichen: Der französische Luxusriese hat im vierten Quartal die Erwartungen der Analysten übertroffen. Vor allem das Geschäft mit Lederwaren sowie die starke Nachfrage in Amerika trieben das Wachstum an. Nicht nur die Hermès-Aktie legt deutlich zu, auch LVMH und Kering ziehen am Donnerstag an....
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10.02.26 - 14:51
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Kering Erupts After Gucci Sales Beat Estimates, Igniting "Turnaround Hopes" (ZeroHedge)
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Kering Erupts After Gucci Sales Beat Estimates, Igniting "Turnaround Hopes"
French luxury group Kering jumped as much as 14% in Paris trading, the biggest intraday move in almost six years, after better-than-expected fourth-quarter sales at its Gucci unit. The UBS Luxury basket (UBXELUX) rose nearly 2%, driven largely by hopes of a turnaround at the luxury house.
Fourth quarter sales showed revenue fell about 10%, slightly better than the Bloomberg Consensus estimate of a 10.4% decline. It was Kering's smallest decline in two years, reinforcing Wall Street analysts' view that trends are stabilizing and the pathway to recovery may be near. This matters because Gucci still accounts for about 60% of Kering's profits, so even a marginal improvement carries outsized weight.
RBC analyst Piral Dadhania told clients results "confirmed modest further improvements," and the focus now shifts to "the extent to which Kering can engineer a return to growth in a still fairly chal...
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