Kering reports flat third-quarter revenue. Kering stock nears EUR 178.12 low

Published on 10/29/2026 at 10:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gucci revenue fell 6 percent on a comparable basis in the third quarter. Kering stock costs EUR 178.73 on October 29, 2026 near EUR 178.12.

Gucci recovery remains central

Kering reported EUR 3.345 billion of third-quarter revenue on October 22, 2026.
Gucci revenue fell 6 percent on a comparable basis in the third quarter of 2026.
Kering stock trades at EUR 178.73 at 10:12 a.m. CEST at Lang & Schwarz on October 29, 2026.
Kering completed 105 net store closures in the first nine months of 2026.

Kering S.A., FR0000121485, Illustration mit AI erstellt.

Kering (ISIN FR0000121485) reported EUR 3.345 billion of revenue for the third quarter of 2026, stable on a reported basis but down 1 percent on a comparable basis. The result keeps the recovery of Gucci at the center of the group's strategy, according to the Kering release dated October 22, 2026.

Gucci remains the pressure point

Gucci generated EUR 1.291 billion in third-quarter revenue, down 6 percent on a comparable basis and 4 percent on a reported basis. Directly operated retail sales fell 9 percent on a comparable basis, while wholesale revenue rose 45 percent to EUR 120 million, showing a sharp gap between store traffic and order-book effects.

Kering said traffic remained the main constraint, while conversion, average price and average ticket improved across the brand. The company continues to prioritize product and pricing changes, with handbags at the forefront of the transformation.

Store closures move ahead

Kering completed 105 net store closures during the first nine months of 2026, including 128 closures and 23 openings. That exceeded the full-year objective of 100 closures ahead of schedule, and the group now plans at least 125 net closures for 2026.

The portfolio data provide a concrete measure of the efficiency program. Kering also confirmed its objective of improving recurring operating margin in 2026, while maintaining investment in its brands.

What does the revenue mix show?

The figures point to uneven progress rather than a broad recovery. Kering Eyewear generated EUR 373 million in third-quarter revenue, up 4 percent on a comparable basis, while Kering Jewelry reached EUR 239 million, up 11 percent on a comparable basis.

Stock near a fresh low

Kering stock was trading at EUR 178.73 at Lang & Schwarz on October 29, 2026 at 10:12 a.m. CEST. A market report dated October 28, 2026 placed the 250-session low at EUR 178.12, making the current quote 0.34 percent above that level, according to Ideal Investisseur. The further course of trading is shown by the continuously updated real-time quote of Kering stock.