Kering: Q3 sales down 15% at E3,786m
(CercleFinance.com) - Group sales for Q3 2024 totaled E3,786m (-15% as reported and -16% on a comparable basis).
In the first nine months, the group posted sales of E12.8bn (-12%, both as reported and on a comparable basis).
Gucci posted Q3 sales of E1.6bn (-26% as reported and -25% on a comparable basis). Yves Saint Laurent sales totalled E670m (-13% as reported and -12% on a comparable basis).
Bottega Veneta sales amounted to E397m (+4% as reported and +5% on a comparable basis). Q3 sales for Other Houses came to E686m (-15% as reported and -14% on a comparable basis).
Given the high level of uncertainty surrounding consumer demand for luxury goods over the coming months, and after the sharper-than-expected slowdown seen in Q3, Kering's recurring operating income for 2024 could be around E2.5bn, the group says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
In the first nine months, the group posted sales of E12.8bn (-12%, both as reported and on a comparable basis).
Gucci posted Q3 sales of E1.6bn (-26% as reported and -25% on a comparable basis). Yves Saint Laurent sales totalled E670m (-13% as reported and -12% on a comparable basis).
Bottega Veneta sales amounted to E397m (+4% as reported and +5% on a comparable basis). Q3 sales for Other Houses came to E686m (-15% as reported and -14% on a comparable basis).
Given the high level of uncertainty surrounding consumer demand for luxury goods over the coming months, and after the sharper-than-expected slowdown seen in Q3, Kering's recurring operating income for 2024 could be around E2.5bn, the group says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.