Kering Shares Jump 11% on Gucci Sales Beat as Hermès Drops 11%
Kering shares surged as much as 11% after the luxury group reported second-quarter sales that exceeded analyst estimates, lifting investor confidence in CEO Luca de Meo’s restructuring plan. Kering posted group revenue of €3.65 billion for the quarter, up 2% on a comparable basis and ahead of the €3.63 billion consensus, while Gucci generated €1.41 billion with a 2% decline in comparable sales, outperforming the anticipated 3.27% drop.
The earnings marked a record divergence between the two luxury groups on Wednesday. Shares of Hermès fell 11% despite a CEO quote reporting first-half revenue of €8.2 billion, up 6% at constant currency and 2% at the prevailing exchange rate. The comment also highlighted a 41% operating margin and an 18% increase in available cash flow, underscoring the sharply contrasting market reactions to the results.
From the sources (9 posts)
@wallstengineKERING Q2 SALES BEAT ESTIMATES; GUCCI DECLINE LESS THAN EXPECTED Kering reported Q2 group revenue of €3.65 billion, up 2% on a comparable basis and ahead of the €3.63 billion consensus. Gucci generated €1.41 billion, above the €1.37 billi
@firstsquawkKering Q2/H126 Earnings: - Q2 Group Revenue: EUR3.65B, +2% On Comparable Basis (est EUR3.63B) - Q2 Gucci Revenue: EUR1.41B, -2% On Comparable Basis (est EUR1.37B) - H1 Net Income From Continuing Operations (Ex-Recurring Items) Attributab
@firstsquawkKering Q2/H126 Earnings: - H1 Revenue: EUR7.220B (est EUR 7.203B) - H1 Recurring Operating Income: EUR921M (est EUR884.8M) - H1 Operating Margin: 12.8% - H1 Net Income: EUR189M
@reutersShares in Kering surged as much as 11% after flagship brand Gucci delivered better-than-expected quarterly sales, lifting hopes that CEO Luca de Meo's turnaround efforts are gaining traction
@reutersbizShares in Kering surged as much as 11% after flagship brand Gucci delivered better-than-expected quarterly sales, lifting hopes that CEO Luca de Meo's turnaround efforts are gaining traction. Read more:
@reutersGucci beat sparks Kering rally as luxury rivals fail to impress
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@thetranscript_Hermès CEO: "At the end of June 2026, Hermès... revenue of EUR 8.2 billion, up 6% in cc and up 2% at current exchange rate. Q2 at +7%, marks a speed up compared to Q1 Operating margin is at +41%, a very high level, and our available cash fl
@businessShares of Hermès and Kering diverged by a record margin on Wednesday, marking a dramatic reversal in fortunes for the two luxury goods makers as fresh earnings underscored their contrasting trajectories.