Kering Reports Improving Sales Trends Ahead of New Strategy Launch
Kering, the Paris-based luxury goods conglomerate owning brands such as Gucci, reported an improvement in sales trends during the first quarter of 2026. This positive development comes just before the company plans to unveil a new strategic initiative designed to revitalize the group's performance. For the first quarter, Kering generated revenue of 3.57 billion euros ($4.20 billion). While this figure represents a 6% decline in reported terms compared to the same period last year, it remained stable when adjusted for comparable scope and exchange-rate fluctuations. Notably, both growth metrics demonstrated an improvement over the fourth quarter of the previous year. The company’s flagship brand, Gucci, contributed significantly with sales reaching 1.35 billion euros. These results suggest that the luxury giant is stabilizing after recent challenges, setting the stage for its upcoming strategic overhaul. The report highlights the resilience of the luxury sector despite broader economic pressures, with Kering aiming to leverage its new plan to drive future growth and regain momentum in key global markets.
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Kering Reports Improving Sales Trends Ahead of New Strategy Launch
Kering, the Paris-based luxury goods conglomerate owning brands such as Gucci, reported an improvement in sales trends during the first quarter of 2026. This positive development comes just before the company plans to unveil a new strategic initiative designed to revitalize the group's performance. For the first quarter, Kering generated revenue of 3.57 billion euros ($4.20 billion). While this figure represents a 6% decline in reported terms compared to the same period last year, it remained stable when adjusted for comparable scope and exchange-rate fluctuations. Notably, both growth metrics demonstrated an improvement over the fourth quarter of the previous year. The company’s flagship brand, Gucci, contributed significantly with sales reaching 1.35 billion euros. These results suggest that the luxury giant is stabilizing after recent challenges, setting the stage for its upcoming strategic overhaul. The report highlights the resilience of the luxury sector despite broader economic pressures, with Kering aiming to leverage its new plan to drive future growth and regain momentum in key global markets.
WSJ.com: US Business