KERING

RBC confirms the 'Sector Perform' rating for Kering and keeps the price target at 260 euros. Third-quarter revenue was in line with expectations; wholesale compensated for the decline in Gucci's retail sales. » Mere på finanzen.net

Kering reported a like‑for‑like revenue decline of 1% to €3.35 billion in the third quarter, driven by a 6% sales drop at Gucci. Demand remains weak, especially in China; other brands such as Kering Jewelry, Kering Eyewear, Saint Laurent and Bottega Veneta grew but could not offset Gucci’s shortfall. Kering confirmed its target of a higher recurring operating margin for 2026, but plans at least 125 store closures, further cost cuts and a reduction of fashion and leather goods inventories by around €1 billion. Investors reacted with heavy selling; the stock fell about 7% after the results and is down roughly one third year‑to‑date. » Mere på deraktionaer.de

Chinese household consumption is stabilizing and high-end categories like cosmetics are rebounding, leading analysts to expect Kering to return to sales growth in the China region by Q4. China remains the primary source of pressure across Kering’s portfolio, though trends improved notably through the quarter and the market is a top strategic priority for management. The recovery so far is concentrated among high-net-worth consumers, and broader reacceleration depends on stronger consumer confidence and import flows into China. » Mere på finance.yahoo.com