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.

French luxury group Kering said on Monday it had named Cedric Charbit as CEO of fashion house Saint Laurent, choosing a leader for its second largest fashion label from within its ranks.

Kering names Cedric Charbit CEO of Saint Laurent

Press release - Kering appoints new CEOs at Saint Laurent and Balenciaga 18 11 24

Kering appoints new CEOs at Saint Laurent and Balenciaga

Press release - Bond issue - November 2024

Kering: Bond issue for a total amount of EUR 750 million

Foot Locker

Investors looking for stocks in the Retail - Apparel and Shoes sector might want to consider either Foot Locker (FL) or Kering SA (PPRUY). But which of these two stocks offers value investors a better bang for their buck right now?

FL or PPRUY: Which Is the Better Value Stock Right Now?

Kering's third-quarter report shows worsening trends, with revenues down 15% Y/Y and broad-based deceleration across key brands. Kering struggles with direct-to-consumer channels, unlike peers, and faces sharp declines in Japan and Asia Pacific, despite potential China stimulus. The luxury sector faces fatigue and macroeconomic challenges; Kering lacks iconic, time-transcendent products to drive a turnaround.

Kering: A Falling Knife If I've Ever Seen One

Gucci, a legacy luxury brand and top-money maker for French luxury-group owner Kering, has become a monster-sized headache for the group and drag on performance as brand revenues plunged 22% through the first nine months this year.

Gucci Troubles Mount As Lawsuit Claims Unethical Animal Treatment In Supply Chain

The Italian brand's owner, Kering, issued its third profit warning in a row as demand for a toned-down Gucci disappoint.

Gucci Has Problems. The Biggest May Be a Safe New Look

Gucci-owner Kering SA (EPA:KER) has made a substantial cut to its full-year income forecasts following a disappointing third quarter. Gucci's year-on-year revenue plummeted 26% in the quarter, driven predominantly by persistently soft China demand.

Gucci-owner Kering makes drastic cut to full-year forecasts

Gucci had a challenging third quarter partly due to its APAC slump, per Kering's latest earnings call. The Italian luxury brand's sales dropped 25% this quarter compared to the previous year.

Things aren't looking great at Gucci, and Kering says its APAC slump is to blame

Shares in Gucci-owner Kering rose on Thursday, shrugging off the French luxury goods company's warning that 2024 operating income would almost halve to its lowest in years due to weak demand in China.

Kering shares up, shrugging off 2024 operating profit warning

Kering SA (OTCPK:PPRUF) Q3 2024 Revenue Conference Call October 23, 2024 12:00 PM ET Company Participants Armelle Poulou - Chief Financial Officer Claire Roblet - Director, Financial Communications and Market Intelligence Conference Call Participants Aurelie Husson-Dumoutier - HSBC Ben Rada Martin - Goldman Sachs Olivier Chen - TD Cowen Zuzanna Pusz - UBS Luca Solca - Bernstein Edouard Aubin - Morgan Stanley Charles-Louis Scotti - Kepler Cheuvreux Antoine Belge - BNP Exane Thomas Chauvet - Citi James Grzinic - Jefferies Carole Madjo - Barclays Paola Carboni - Equita SIM Operator Welcome to the Kering 2024 Third Quarter Revenue Conference Call and Webcast. Please be advised that today's conference is being recorded.

Kering SA (PPRUF) Q3 2024 Revenue Call Transcript

The French luxury group posted revenue below analysts' expectations in the third quarter as a slump in demand for luxury goods in the Asia-Pacific region continue to weigh on its star brand, Gucci.

Gucci Owner Kering Misses Sales Views Amid Brand Revamp Challenges, Asia Woes

Kering warned on Wednesday its 2024 operating income would almost halve to its lowest in years as weak demand in China deepened the struggles of the French luxury goods group's main label Gucci.

France's Kering warns on 2024 operating profit as Gucci sales fall

Kering: Press Release - Revenue for the third quarter of 2024

Hermes International

Thales SA

The CAC 40 index pulled back this week even as its American peers like the Dow Jones, S&P 500, and Nasdaq 100 indices surged to a record high. It retreated to €7,420, its lowest point since September 25, and 9.3% below its highest point this year.

CAC 40 forecast ahead of Thales, Kering, Hermes earnings

Kering's stock is undervalued, with potential for significant gains due to its historically low valuation multiples and expected recovery in free cash flow. The stock chart shows recovery potential as well. Gucci, Kering's largest segment, has faced cyclical downturns before but has historically rebounded; current efforts include product innovation and leadership changes. Stimulus measures in China and global interest rate cuts may boost Kering's revenue.

Kering: History Suggests A Big Turnaround Is Around The Corner

Kering, the parent company of Gucci, has appointed Stefano Cantino as the new CEO of its flagship brand at a time when both Gucci and the broader luxury sector are facing significant challenges.

Gucci's new CEO Stefano Cantino faces tough road ahead amid global luxury slowdown

French luxury goods company Kering named Stefano Cantino as CEO of Gucci, with Cantino succeeding Jean-Francois Palus next January.

French luxury goods company Kering names Stefano Cantino as CEO of Gucci

Press release - Stefano Cantino appointed CEO of Gucci 08 10 2024

Kering: Stefano Cantino appointed CEO of Gucci, succeeding Jean-François Palus

Online Chinese discounters like Temu now offer ultracheap items—“dupes”— that look remarkably similar to fancier goods, even if they don't stand up to scrutiny.

Temu Sales of Cheap Knockoffs Are Soaring. The Threat to Brands Like Gucci and Hermès.

Burberry Group PLC

Kering SA (EPA:KER) joined fellow luxury goods supplier Burberry in the doghouse as it got a downgrade from two City investment houses. Burberry hit a fifteen-year low on its downgrade from Barclays, but the bank also downgraded Gucci-owner Kering which hit a seven-year as it also got a downgrade from Canadian bank RBC.

Gucci-owner Kering joins Burberry at new lows as brokers fret over recovery

Kering (KER) share price has imploded this year as concerns about its strategy and business growth continued. It has dropped in the last two consecutive months, moving to its lowest point since August 2017.

Kering share price: here's why Gucci parent is falling apart

Kering's shares are plummeting due to a demand pullback and brand reinvention, with Gucci experiencing a significant revenue drop. Gucci's revitalization efforts may take years to show results, but historical data suggests the brand's resilience and potential for future success. Kering's strong fundamentals, including substantial insider ownership and a focus on luxury brands, position it as a beaten down quality growth business with long-term value creation potential.

Is Gucci Dead? Think Again

Kering's recent financial results were disappointing, with a sharp decline in sales driven by poor performance in major brands, especially Gucci. The near-term outlook for Kering is weak due to a slowdown in luxury spending in China, with no positive catalysts to drive demand. The need for further brand investments is putting pressure on margins.

Kering: Rating Downgrade On Poor H2 2024 Outlook

Kering SA (OTCPK:PPRUF) Q2 2024 Earnings Conference Call July 24, 2024 9:15 AM ET Company Participants Armelle Poulou - CFO Francesca Bellettini - Deputy CEO Jean-Marc Duplaix - Deputy CEO Conference Call Participants Anne-Laure Bismuth - HSBC Melania Grippo - BNP Paribas Edouard Aubin - Morgan Stanley Luca Solca - Bernstein Charles-Louis Scotti - Kepler Cheuvreux Louise Singlehurst - Goldman Sachs Thomas Chauvet - Citi Piral Dadhania - RBC Niccolo Serra - Bank of America Rogerio Fujimori - Stifel Chiara Battistini - JPMorgan James Grzinic - Jefferies International Armelle Poulou Good evening to all of you, and welcome to Kering's 2024 First Half Results Call. Before I go over our operational and financial highlights.

News for Kering SA Stock (PPRUY)