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Kering Rises on Gucci Sales Boost
Kering Group announced that its second-quarter revenues surpassed analyst expectations, amounting to €3.65 billion with a slight increase of 2% on a comparable basis, reflecting an improvement in the performance of its Gucci brand, which saw its decline reduced to 2%, better than the previous quarter. The company also revealed that its first-half profits reached €7.22 billion, up by 1%, despite net income decreasing to €189 million. The company experienced improvements in operating margins, with jewelry and eyewear sales rising. Additionally, it significantly reduced its debt and forecasts stable performance for the group in the upcoming quarter. Its strong performance led to an upgrade in its stock rating and earnings forecasts, although the company emphasizes that performance is expected to improve further in the second half of 2026.
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