Latest News for PPRUY
Kering (KER.PA) is executing a turnaround, restoring its balance sheet, reducing retail footprint, and stabilizing Gucci's sales declines. Operational leverage is the key upside driver, with management cutting costs, rationalizing inventory, and focusing on store productivity to outpace consensus earnings recovery. Jewelry and eyewear segments are gaining traction, diversifying profit sources beyond Gucci, while…
Kering remains a Hold as Q2 2026 showed meaningful improvement but not a full recovery, especially at Gucci. PPRUF's group revenue returned to growth after twelve quarters, with Gucci's decline narrowing, yet traffic and mainland China remain weak. Management expects roughly flat group growth in Q3; Gucci's new collections show promise, but Q3 is pivotal for confirming a turnaround.
The stock was up 11% a after the company's flagship label reported sales down 2% organically on year—beating the 5% drop expected by analysts.
Shares in Kering were poised to rise 10% on Wednesday, after quarterly sales at the luxury group's flagship brand Gucci beat market expectations thanks to strong U.S. demand for its new handbags.
Kering SA (PPRUY) Q2 2026 Earnings Call Transcript
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