KERING (KER-FR) earnings Q2 2025
A Gucci logo is exhibited on May 30, 2025 at stores at Washington DC.
Kevin Carter | Getty Images News | Getty Images
On Tuesday, Gucci-Land Kering published worse than the second quarter of the second quarter, and marked the ongoing geopolitical uncertainty while the troubles continued in the surrounded luxury group.
Sales in the high -level fashion house fell by LSEG analysts to 3.7 billion euros ($ 4.27 billion) compared to the estimation of 3.96 billion euros.
Gucci sales, usually almost half of the total group revenues, fell to 1.46 billion euros in a quarter of a quarter.
President and CEO François-Henri Pinault results were disappointed, but he made ongoing efforts to correct the struggling luxury giant.
“Although the figures we report are far below our potential, we are sure that our comprehensive efforts in the last two years set healthy foundations for the next stages in the development of Kering.” He said.
“In a uncertain economic and geopolitical environment, Kering continues to distribute its strategy to obtain a profitable long -term growth orbit.”
Saint Laurent and Bottega Veneta brands also owned the group, Japan and wider Asia Pacific led by all markets, he said.
“Kering, two main luxury markets, China and the United States are facing a difficult reality because it is under tension,” the third bridge analyst Yanmei Tang said. He said.
New Leadership in Focus
Since investors question the company’s ability to reject itself after a few consecutive quarters of soft sales, Kering’s share price has fell by 8%.
In June, the appointment of Auto Senior Luca de Meo as Group CEO in June, the appointment of the appointment gained a positive momentum in a way that will enter into force from 15 September.
“[De Meo] Carole Madjo, President of European Luxury Property Research in Barclays, said in a statement last week to CNBC’s “Squawk Box Europe”.
Incoming CEO still has a difficult task in front of it, because the industry faces the possibility of being new. 15 % wider concerns about import tariffs to the US and especially consumer expenditures in the basic Chinese market.
We can think of a second wave [of price hikes] In autumn.
Armelle poulou
Kering’s Chief Finance Director
Chief Finance Director Armelle Poulou said on Tuesday that the 15% tariff ratio is compatible with assumptions and that the company has already applied some price increases in the second quarter.
Iz We can think of a second wave in autumn, Poul Poulou said a call for a profit. “[But] We will make sure that we apply smartly that pay attention to consumer feelings. “
Nevertheless, analysts suggest that greater difficulty will revive the image and desire of the company, including Gucci’s new art director Demna Gvasalia, and at the same time alienating existing consumers.
Francesca Bellettini, Kering’s assistant CEO assistant and brand development leader, “The first clue [Denma’s] Vizyon for Gucci “will come in September and will be fully released from the collection in January 2026.
“Product desirable is now a problem for Kering than any tariff threat to Kering.” He said. “The desired brands, such as Hermès, can drag prices even more without damaging demand, but brands like Saint Laurent and Gucci do not like this pricing power.”
“Bringing innovation, which is a fresh thing that has not been seen before, is what makes Gucci wonderful again.”
