Kering Reports Third-Quarter Revenue Stable as Gucci Sales Fall
Kering’s third-quarter revenue was stable on a reported basis and down 1% on a comparable basis at €3.34 billion. Gucci sales fell 4% reported and 6% comparable to €1.29 billion.
Kering's third-quarter group revenue was unchanged on a reported basis and declined 1% on a comparable basis, to €3.34bn. At flagship brand Gucci, sales decreased 4% on a reported basis and 6% on a comparable basis, reaching €1.29bn. Kering said Gucci's performance reflected a more demanding comparison bas…