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. » Więcej na 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. » Więcej na 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. » Więcej na deraktionaer.de