Kering SA

Kering SA engages in the design, manufacture, marketing, and retail of luxury apparel and accessories. The firm offers apparel, leather goods, shoes, watches, jewelry, perfumes and cosmetics products. It operates through the following segments: Gucci, Yves Saint Laurent, Bottega Veneta, Other Houses, and Kering Eyewear and Corporate. The company was founded in 1963 and is headquartered in Paris, France.

Kering just delivered depressing first-half 2024 results. Group revenues at $9.8 billion (€9.0 billion) were off 11% from same period last year and worse, recurring operating income tanked 42% to $1.7 billion (€1.6 billion).

Despite A 20% Plunge In Sales, Gucci's Turnaround Is Getting Started

Shares in Gucci-owner Kering fell on Thursday after the luxury group announced a sharp decline in revenue in the first half of the year.

Gucci-owner Kering drops to seven-year low after weak forecast, revenue drop on low China sales

KERING_First-half report 2024 - 24 07 2024

Kering: 2024 First-half report

KERING_Press release -Availability of the 2024 First-half report - 24 07 2024

Kering: Availability of the 2024 First-half report

Kering reported a bigger-than-expected drop in second-quarter sales and forecast a weak second half, as the French luxury group works to revive its key label Gucci while facing subdued demand from Chinese shoppers.

Gucci-owner Kering forecasts 30% fall in H2 operating profit on sluggish China demand

KERING_Press release - First-half 2024 results - 24 07 2024

Kering: Press release - First-half 2024 results

Hermes International

LVMH Moet Hennessy Louis Vuitton

After a tough few weeks of market action, the French luxury stocks seemed to have found themselves in the bargain bin. Indeed, the macroenvironment has been far from perfect for high-end luxury product companies.

3 French Luxury Stocks You Can Snag for a Bargain

LONDON—Hours before a star-studded runway show at the Tate Modern museum in May, Gucci's billionaire owner, François-Henri Pinault, huddled with his newly installed leadership team at its London office to figure out where one of the world's most iconic brands was headed.

Gucci's Owner Lost His Patience. What Came Next Was a Grand Reinvention.

Kering remains a solid investment with significant upside potential, despite recent declines in share price. Company's focus on luxury brands like Gucci, Balenciaga, and Yves Saint Laurent contributes to its value. Analysts predict a target price range of €300 to €575 per share, with potential for significant growth in the future.

Still A Good 15%+ Upside From Kering

Press release - half yearly achievement report on Kering share quotations liquidity mandate - July 2024

Kering: Half-yearly achievement report on Kering share quotations liquidity mandate

Kering's push to boost the performance of its flagship brand Gucci could start showing results imminently, analysts at Bank of America said on Thursday, as they gave the luxury stock a double upgrade from an underperform to a buy rating.

Kering shares jump on double upgrade of Gucci owner by Bank of America

Kering's price per share has dropped by about 60% in 3 years due to strategic choices, real estate investments, and shrinking Chinese demand. Gucci's creative director Alessandro Michele leaving and China's economic slowdown are major factors impacting Kering's performance. Despite challenges, Kering's competitive advantage remains strong, and potential for recovery exists, especially with Alessandro Michele's new role at Valentino.

Kering: The Epic Comeback Is Possible

Pernod Ricard SA

LVMH, Kering, and Pernod Ricard stocks retreated on Wednesday as investors braced for retaliation from China. Kering, the parent company of Gucci, plunged by over 1.1% while Pernod Ricard fell by 0.75%.

Very bad news for LVMH, Kering, Pernod Ricard stocks

Cie Financiere Richemont SA

RBC has tipped ‘hard luxury' stocks Watches of Switzerland Group PLC (LSE:WOSG), Richemont and Kering as preferred plays in the luxury sector over ‘soft luxury' stocks, although analysts also gave LVMH an outperform rating. Hard luxury items refer to watches, jewellery, and other durable luxury goods, while soft luxury items typically include fashion, leather goods, accessories, and high-end apparel.

Watches of Switzerland, Richemont, Kering top picks in ‘hard luxury' sector - analyst

Some better-performing luxury stocks may be worth the splurge, even with consumer spending in a somewhat uncertain spot. Indeed, we've heard quite a bit about consumer frustrations with higher prices on a wide range of goods, from fast food to everyday grocery items.

3 Luxury Stocks That Are Worth the Splurge

Kering shares experienced a two-years-long drawdown, losing more than half from their peak price.

Kering: After A Huge Drop, A Luxury Discount

Kering - Press release - Description of the Share Buyback Program - April 25, 2024

Kering: Description of the Share Buyback Program authorized by the Combined General Sharehoders' meeting

2024 Annual General Meeting Approval of all resolutions

Kering - Annual General Meeting of April 25, 2024 - Approval of all resolutions

Burberry Group PLC

Something is happening in the luxury goods industry. In France, Hermes (RMS) stock price has surged to a record high while Kering (KER) has plunged to its lowest level since October 2017.

Here's why Hermes, Burberry, and Kering stocks have diverged

Sales updates from Europe's big luxury brands have offered scant reassurance that Chinese demand for high-end fashion is recovering, leaving a cloud over the outlook for the industry.

Luxury sector outlook clouded by China's slow recovery

Kering shares fell 8% on Wednesday after the French fashion house said it expects to see its profits drop by up to 45% in the first half of 2024 driven by a decline in revenue from its top money maker, Gucci.

Kering shares plunge as Gucci slowdown seen hitting profits by up to 45%

Kering's shares slumped on Wednesday, after the French luxury goods company warned it expected a 40% to 45% plunge in first-half operating profit.

Kering shares slump after luxury company warns of H1 operating profit drop

Gucci and Yves Saint Laurent owner Kering issued a profit warning after its performance “worsened considerably” in the first quarter, blaming sluggish Chinese demand and restructuring at its fashion houses. Revenue for the France-based group for the first quarter of 2024 fell 11% to €4.5 billion, with sales at Gucci down 21% “In view of this revenue decline, together with our firm determination to continue investing selectively in the long-term appeal and distinctiveness of our brands, we now expect to deliver sharply lower operating profit in the first half of this year,” said chairman and chief executive officer François-Henri Pinault.

Kering issues profit warning as Gucci sales plunge

Shares of French luxury group Kering sunk more than 9% Wednesday after the company warned that it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.

Kering shares sink 9% after profit warning on declining Gucci sales

Shares in French luxury group Kering fell by as much as 9.3% in early trade on Wednesday, to their lowest level in over 6 years, as the market digested news of a likely 40%-45% plunge in first-half operating profit.

News for Kering SA Stock (PPRUY)