Kering SA Faces Significant Stock Decline

On Thursday, Kering SA experienced a sharp 6% drop in its stock value following the announcement of its first-quarter earnings for 2025, which fell short of market expectations.

Revenue and Retail Sales See Notable Decrease

The luxury fashion conglomerate reported a 14% year-over-year decline in revenue, totaling €3.88 billion. Retail sales also suffered, decreasing by 16%. Notably, Gucci, which contributes nearly half of the group's total revenue, saw a dramatic 25% drop, earning €1.57 billion.

Stock Performance at a Glance

By 9:44 am CET, Kering's shares had fallen by 6.07%, trading at €164.32 each.