Kering Posts 3Q Sales Up 23%, Boosted by Gucci
24 Ottobre 2017 - 06:21PM
Dow Jones News
By Euan Conley
Kering SA (KER.FR) said Tuesday that its sales increased in the
third quarter, buoyed by the continuing success of its flagship
Gucci brand and growth at its Saint Laurent fashion house.
Sales in the quarter totaled 3.93 billion euros ($4.6 billion),
up 23% compared with the same period last year. Growth was driven
mainly by Gucci, which posted sales of EUR1.55 billion, up 43%.
Gucci posted double-digit growth across all product lines and
robust growth in its online sales, continuing a strong performance
over the past two years.
Sales at Saint Laurent, Kering's second-largest brand, rose 18%
to EUR383.7 million, helped by an increase in online revenue and
growth in the company's retail and wholesale divisions.
Sales at Kering's Bottega Veneta brand totaled EUR280.7 million,
down 4.5%.
"Facing unfavorable currency impacts and a tougher base of
comparison, we remain fully confident in Kering's ability to
achieve a record year, fueled by sector-leading growth," Kering
Chief Executive Francois-Henri Pinault said.
Write to Euan Conley at euan.conley@dowjones.com
(END) Dow Jones Newswires
October 24, 2017 12:06 ET (16:06 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Grafico Azioni Kering (EU:KER)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Kering (EU:KER)
Storico
Da Mar 2023 a Mar 2024