23 Oct 2025 | 3 Mins Read
Kering shares rise 9% on Gucci's sharp turnaround
Flipitmoney
Kering, owner of Gucci, reported 3.42 billion euros in sales for Q3, a 5% decline on a comparable basis. Earnings beat estimates, with sales at Gucci (1.34 billion euros) dropping 14% year-over-year. This marked a sequential improvement, particularly after a 15% Q2 decline. Group and Gucci sales exceeded forecasts, driving shares to a 1-year high.