Gucci owner Kering's results disappoint with Italian fashion house leading the decline
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Kering SA reported a 12% drop in fourth-quarter sales, with Gucci experiencing a significant 24% decline, surpassing analyst expectations of a 19% drop.
February 11, 2025 | 8:30 am
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Kering SA's fourth-quarter sales dropped by 12%, with Gucci's sales falling 24%, worse than the expected 19% decline. This could negatively impact Kering's stock price.
The significant decline in Gucci's sales, which is a major brand under Kering, suggests potential challenges in the company's performance. The worse-than-expected results could lead to a negative short-term impact on Kering's stock price.
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