KERING

Kering shares fell in Paris on Friday by as much as 11.48% at one point to around €189 after investors were disappointed again. Analysts at Deutsche Bank Research see a recovery as difficult as long as Gucci does not show convincing stabilization; attention now turns to the annual results and possible effects of cost-cutting measures. The sell-off also weighed on other luxury stocks such as LVMH and Richemont, while L'Oréal stood out as a bright spot with strong Q3 figures. » More on finanzen.net

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. » More on 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. » More on 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. » More on finance.yahoo.com

Kering jumped more than 12% after quarterly results that beat expectations for revenue and recurring operating profit. Gucci recorded an organic decline of 2% in the second quarter, but the results exceeded analysts’ forecasts and point to an improvement versus the previous quarter. Hermès fell almost 9% after a quarterly update that, despite currency‑adjusted revenue growth of 6.7%, raised questions about the pace of growth relative to the industry. » More on de.investing.com