Kering just beats its four-quarter forecast, but Gucci Brand Plunge 24% sales
On Saturday, October 12th, 2024, the Gucci store operated by Kering SA in the San Litung region of Beijing, China.
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French luxury company dry On Tuesday, it reported that sales were better in the four quarter than expected amid a lagging demand for the Main Gucci label.
High-end fashion groups, which also include brands such as Bottega Veneta, Balenciaga and Alexander McQueen, have earned 43.9 billion euros (45) in the fourth quarter, slightly ahead of the LSEG analyst’s forecast of 4.29 billion euros (45) ($20 million) fell 12%. .
Full-year sales also soaked between 12% and 171.9 billion euros, against the expected 170.9 billion euros.
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