Kering sales remain under pressure as Gucci’s recovery lags
Kering ($KER) reported third-quarter 2026 revenue of €3.35 billion, broadly unchanged as reported but down 1% at comparable exchange rates and scope. Gucci sales fell 6% on the comparable measure to €1.29 billion, with its directly operated retail business down 9%. Lower customer traffic, especially in mainland China and Japan, outweighed improvements in conversion, average pricing and transaction values. Performance elsewhere was stronger: jewelry sales increased 11% and eyewear rose 4% on a co
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