Kering Revenue Matches Consensus as Gucci Results Draw Scrutiny
RBC Capital Markets analysts say Kering's results are difficult to interpret amid challenging demand trends for luxury groups. Group revenue was in line with consensus; the body is truncated after introducing Gucci's results.
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11:43:28 AM UTC
SquawkNews
Kering's third-quarter results confirmed that weak demand in the luxury sector has slowed the group's recovery, Jefferies analysts say in a note. Gucci recorded a 6% decrease in quarterly sales, "which raised some eyebrows," they say. Progress is being made from developing new operating platforms a…