Gucci Shows No Convincing Signs of Stabilizing, Deutsche Bank Says
Deutsche Bank says Gucci has not yet shown convincing stabilization after a 6% adjusted sales drop in the third quarter. Source: Dow Jones Newswires.
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what happened
Analysts at Deutsche Bank say Gucci has not yet shown convincing signs of stabilizing. The luxury brand, a key part of French group Kering, recorded a 6% adjusted decline in sales over the third quarter, which weighed on the group's overall revenue, according to Dow Jones Newswires.
The bank expects investor confidence in a Gucci recovery to stay fragile. "We struggle to see a meaningful catalyst until the full-year results," the analysts wrote, adding that cost savings may start to show up by then.
why it matters
For Kering shares, a slow Gucci turnaround keeps pressure on the group's top line until annual figures arrive. Investors will likely look to that report to judge whether cost cuts are delivering real results.
market impact
Kering and luxury sector: weak Gucci sales pressure expectations for group revenue
tags
instruments
sources
- Gucci Yet to Show Signs It Is Stabilizing —Market Talk — Dow Jones Newswires, 23 October 2026 at 06:57 UTC
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