Kering slumps up to 11% on stock market after Gucci sales miss expectations

FinanceInternationalCinco DíasOct 23, 2026, 4:44 AM35 s readAI summary

Kering fell as much as 11% on the stock market after sales at Gucci, which accounts for about half of the group's profit, dropped 6% at constant exchange rates to 1.29 billion euros in the third quarter, below expectations. Group revenue fell 1%. The result frustrates hopes of a rapid recovery under CEO Luca de Meo's five-year plan. Rival Hermès also disappointed: its sales in Asia-Pacific excluding Japan were flat and its shares fell 4.9% in Paris.

In 35 seconds

Gucci sales fell 6% at constant rates to 1.29 billion euros, and Kering revenue dropped 1%
Kering plunged as much as 11% on the stock market after reporting results
Foot traffic, especially in China, is Gucci's main problem, with more than three years of declines

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IASummary generated by artificial intelligence from a story by Cinco Días. It may contain errors: the original source prevails.

Kering
Gucci
Hermès
lujo
resultados

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Kering slumps up to 11% on stock market after Gucci sales miss expectations

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

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