Kering SA

Kering SA engages in the design, manufacture, marketing, and retail of luxury apparel and accessories. The firm offers apparel, leather goods, shoes, watches, jewelry, perfumes and cosmetics products. It operates through the following segments: Gucci, Yves Saint Laurent, Bottega Veneta, Other Houses, and Kering Eyewear and Corporate. The company was founded in 1963 and is headquartered in Paris, France.

Kering (KER) share price has imploded this year as concerns about its strategy and business growth continued. It has dropped in the last two consecutive months, moving to its lowest point since August 2017.

Kering share price: here's why Gucci parent is falling apart

Kering's shares are plummeting due to a demand pullback and brand reinvention, with Gucci experiencing a significant revenue drop. Gucci's revitalization efforts may take years to show results, but historical data suggests the brand's resilience and potential for future success. Kering's strong fundamentals, including substantial insider ownership and a focus on luxury brands, position it as a beaten down quality growth business with long-term value creation potential.

Is Gucci Dead? Think Again

Kering's recent financial results were disappointing, with a sharp decline in sales driven by poor performance in major brands, especially Gucci. The near-term outlook for Kering is weak due to a slowdown in luxury spending in China, with no positive catalysts to drive demand. The need for further brand investments is putting pressure on margins.

Kering: Rating Downgrade On Poor H2 2024 Outlook

Kering SA (OTCPK:PPRUF) Q2 2024 Earnings Conference Call July 24, 2024 9:15 AM ET Company Participants Armelle Poulou - CFO Francesca Bellettini - Deputy CEO Jean-Marc Duplaix - Deputy CEO Conference Call Participants Anne-Laure Bismuth - HSBC Melania Grippo - BNP Paribas Edouard Aubin - Morgan Stanley Luca Solca - Bernstein Charles-Louis Scotti - Kepler Cheuvreux Louise Singlehurst - Goldman Sachs Thomas Chauvet - Citi Piral Dadhania - RBC Niccolo Serra - Bank of America Rogerio Fujimori - Stifel Chiara Battistini - JPMorgan James Grzinic - Jefferies International Armelle Poulou Good evening to all of you, and welcome to Kering's 2024 First Half Results Call. Before I go over our operational and financial highlights.

Kering SA (PPRUF) Q2 2024 Earnings Call Transcript

Kering just delivered depressing first-half 2024 results. Group revenues at $9.8 billion (€9.0 billion) were off 11% from same period last year and worse, recurring operating income tanked 42% to $1.7 billion (€1.6 billion).

Despite A 20% Plunge In Sales, Gucci's Turnaround Is Getting Started

Shares in Gucci-owner Kering fell on Thursday after the luxury group announced a sharp decline in revenue in the first half of the year.

Gucci-owner Kering drops to seven-year low after weak forecast, revenue drop on low China sales

KERING_First-half report 2024 - 24 07 2024

Kering: 2024 First-half report

KERING_Press release -Availability of the 2024 First-half report - 24 07 2024

Kering: Availability of the 2024 First-half report

Kering reported a bigger-than-expected drop in second-quarter sales and forecast a weak second half, as the French luxury group works to revive its key label Gucci while facing subdued demand from Chinese shoppers.

Gucci-owner Kering forecasts 30% fall in H2 operating profit on sluggish China demand

KERING_Press release - First-half 2024 results - 24 07 2024

Kering: Press release - First-half 2024 results

Hermes International

LVMH Moet Hennessy Louis Vuitton

After a tough few weeks of market action, the French luxury stocks seemed to have found themselves in the bargain bin. Indeed, the macroenvironment has been far from perfect for high-end luxury product companies.

3 French Luxury Stocks You Can Snag for a Bargain

LONDON—Hours before a star-studded runway show at the Tate Modern museum in May, Gucci's billionaire owner, François-Henri Pinault, huddled with his newly installed leadership team at its London office to figure out where one of the world's most iconic brands was headed.

Gucci's Owner Lost His Patience. What Came Next Was a Grand Reinvention.

Kering remains a solid investment with significant upside potential, despite recent declines in share price. Company's focus on luxury brands like Gucci, Balenciaga, and Yves Saint Laurent contributes to its value. Analysts predict a target price range of €300 to €575 per share, with potential for significant growth in the future.

Still A Good 15%+ Upside From Kering

Press release - half yearly achievement report on Kering share quotations liquidity mandate - July 2024

Kering: Half-yearly achievement report on Kering share quotations liquidity mandate

Kering's push to boost the performance of its flagship brand Gucci could start showing results imminently, analysts at Bank of America said on Thursday, as they gave the luxury stock a double upgrade from an underperform to a buy rating.

Kering shares jump on double upgrade of Gucci owner by Bank of America

Kering's price per share has dropped by about 60% in 3 years due to strategic choices, real estate investments, and shrinking Chinese demand. Gucci's creative director Alessandro Michele leaving and China's economic slowdown are major factors impacting Kering's performance. Despite challenges, Kering's competitive advantage remains strong, and potential for recovery exists, especially with Alessandro Michele's new role at Valentino.

Kering: The Epic Comeback Is Possible

Pernod Ricard SA

LVMH, Kering, and Pernod Ricard stocks retreated on Wednesday as investors braced for retaliation from China. Kering, the parent company of Gucci, plunged by over 1.1% while Pernod Ricard fell by 0.75%.

Very bad news for LVMH, Kering, Pernod Ricard stocks

Cie Financiere Richemont SA

RBC has tipped ‘hard luxury' stocks Watches of Switzerland Group PLC (LSE:WOSG), Richemont and Kering as preferred plays in the luxury sector over ‘soft luxury' stocks, although analysts also gave LVMH an outperform rating. Hard luxury items refer to watches, jewellery, and other durable luxury goods, while soft luxury items typically include fashion, leather goods, accessories, and high-end apparel.

Watches of Switzerland, Richemont, Kering top picks in ‘hard luxury' sector - analyst

Some better-performing luxury stocks may be worth the splurge, even with consumer spending in a somewhat uncertain spot. Indeed, we've heard quite a bit about consumer frustrations with higher prices on a wide range of goods, from fast food to everyday grocery items.

3 Luxury Stocks That Are Worth the Splurge

Kering shares experienced a two-years-long drawdown, losing more than half from their peak price.

Kering: After A Huge Drop, A Luxury Discount

Kering - Press release - Description of the Share Buyback Program - April 25, 2024

Kering: Description of the Share Buyback Program authorized by the Combined General Sharehoders' meeting

2024 Annual General Meeting Approval of all resolutions

Kering - Annual General Meeting of April 25, 2024 - Approval of all resolutions

Burberry Group PLC

Something is happening in the luxury goods industry. In France, Hermes (RMS) stock price has surged to a record high while Kering (KER) has plunged to its lowest level since October 2017.

Here's why Hermes, Burberry, and Kering stocks have diverged

Sales updates from Europe's big luxury brands have offered scant reassurance that Chinese demand for high-end fashion is recovering, leaving a cloud over the outlook for the industry.

Luxury sector outlook clouded by China's slow recovery

Kering shares fell 8% on Wednesday after the French fashion house said it expects to see its profits drop by up to 45% in the first half of 2024 driven by a decline in revenue from its top money maker, Gucci.

News for Kering SA Stock (PPRUY)