Global Markets
Kering (KER FP) says traffic remains the main constraint; fashion and leather goods retail sales fell 4% comp., a sequential slowdown reflecting a more challenging environment, less support from Gucci and lower summer traffic, especially in mainland China
StockNow breaking-news AI analysis
Kering reported a 4% comparable decline in fashion and leather goods retail sales, cited traffic-related pressures, forecast no H2 margin improvement versus H1, and said October trading tracked Q3 trends.
News detail
Will not improve H2 margin vs. H1 margin this year. In a very uncertain environment at the moment. October trading is broadly in line with Q3 trends.
What do investors think?
Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactionsStockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.