Kering: third-quarter revenue flat as reported, Gucci remains under pressure
Kering posted third-quarter revenue of 3.3 billion euros, flat as reported and down 1% on a comparable basis, according to TradingView.
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what happened
Kering reported third-quarter revenue of 3.3 billion euros, unchanged as reported and down 1% on a comparable basis, according to TradingView. Gucci was the weakest part of the business, and its decline was partly offset by growth in jewelry and eyewear.
Management reaffirmed its full-year target for higher operating margin, pointing to tighter cost control and a gradual transformation of the group. Restoring Gucci remains a priority, while the company cited weak store traffic and uncertain markets.
why it matters
For investors the picture is mixed: the struggles of the flagship brand weigh on group results, while jewelry growth and the margin focus remain the main arguments in the company's favor. The market will watch whether the Gucci turnaround can restore revenue momentum in the coming quarters.
market impact
Kering and luxury sector: weak Gucci sales pressure the company's shares
tags
instruments
sources
- KER: Q3 revenue held flat reported as Gucci remained under pressure and jewelry advanced — TradingView, 22 October 2026 at 15:44 UTC
- KER: Jewelry and eyewear growth partly offset Gucci’s decline as Q3 revenue held flat reported — TradingView, 22 October 2026 at 18:39 UTC
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