Kering SA (KER.PA)
| Previous close | 350.20 |
| Open | 319.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 315.35 - 331.20 |
| 52-week range | 315.35 - 585.90 |
| Volume | |
| Avg. volume | 249,915 |
| Market cap | 39.982B |
| Beta (5Y monthly) | 1.13 |
| PE ratio (TTM) | 13.38 |
| EPS (TTM) | 24.37 |
| Earnings date | 24 July 2024 |
| Forward dividend & yield | 14.00 (4.00%) |
| Ex-dividend date | 02 May 2024 |
| 1y target est | 418.00 |
- Reuters
FOCUS-Tuscany's luxury suppliers feel chill from China and changing trends
Waning Chinese demand for luxury goods has compounded the problems of Tuscany's traditional leather companies as the big fashion houses they supply reshape their strategies, leading to painful layoffs that could be just the start. LVMH, the world's largest luxury group, last week reported Asia revenues fell 6% in the first quarter. Many of the biggest luxury groups, which like Gucci base their leather goods production in Tuscany, had increased orders to respond to the post-pandemic boom.
BloombergKering Shares Drop After Gucci Slump Prompts Profit Warning
(Bloomberg) -- Kering SA shares tumbled after the luxury group warned that profit will plunge in the first half of the year on slumping sales at Gucci, its biggest brand. Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsBiden’s New Chopper Is Demoted After Scorching White House LawnTesla Soars as Musk’s Cheaper EVs Calm Fears Over StrategyThe stock slid as much as 10% in Paris trading to a s
ReutersKering shares slump after the Gucci owner warns of H1 operating profit drop
Kering's shares slumped on Wednesday, after the French luxury goods company warned it expected a 40% to 45% plunge in first-half operating profit. Kering shares were down 8.5 percent in early session trading, dragging down slightly the shares of its French rivals LVMH and Hermes. Late on Tuesday, Kering warned of the likely drop in first-half operating profit as it also reported that first-quarter sales had declined as wealthy shoppers curbed spending on products from its star label Gucci.
