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Kering Shares Rise on Gucci Growth
Kering Group announced strong financial results in the second quarter of 2026, as its revenues exceeded expectations thanks to improved sales performance of the Gucci brand, which reduced its losses by 2% instead of over 9% in the first quarter. The group achieved revenues of €3.65 billion, a 2% increase on a comparable basis, with significant boosts in jewelry and eyewear profits. Additionally, first-half results showed revenues rising to €7.22 billion, despite a decrease in net income to €189 million. The company's improved performance led to higher market valuations, with expectations of continued growth in profits and operating margins, and the target stock price rising to €340 following a rating upgrade by HSBC Bank.
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