Reuters
23 Oct 2026, 07:22 UTC · 1h ago
Kering shares drop 11% as Gucci sales slide
Impact · against what's priced in
Kering faces a significant valuation correction as sliding sales at Gucci, its primary revenue driver, likely trigger downward revisions to FY2026 EPS estimates. The 11% share price drop reflects the immediate market reaction to this fundamental deterioration.
- KER.PA−0.80
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- In context
Gucci's sales slide is a direct hit to Kering's core portfolio, leading to an 11% drop in share price as growth expectations are revised downward.
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