Kering reports EUR 3.35 billion third-quarter revenue as Kering stock nears low

Published on 10/23/2026 at 10:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gucci revenue fell 6.00 percent in the third quarter. Kering stock costs EUR 188.34 on October 23, 2026, 0.33 percent above its 52-week low.

Kering's quarterly reset

Kering reported EUR 3,345 million in third-quarter revenue on October 22, 2026.
Gucci generated EUR 1,291 million and comparable revenue fell 6.00 percent in the third quarter.
Kering stock trades at EUR 188.34 at 10:08 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.33 percent above its 52-week low.

Bauhaus-Poster mit geometrischen Formen und dem Wort LUXURY in Gold und Blau — Geometrisches Bauhaus-Poster mit Sektor-Text LUXURY repräsentiert die Branche von Kering S.A. ISIN FR0000121485, Illustration mit AI erstellt.

Kering stock (ISIN FR0000121485) was at EUR 188.34 at Lang & Schwarz on October 23, 2026, at 10:08 a.m. CEST in trading. Kering reported third-quarter revenue of EUR 3,345 million on October 22, 2026, stable on a reported basis and down 1.00 percent on a comparable basis.

Revenue holds while Gucci struggles

The headline figure masks a sharp divide between Kering's brands. Gucci revenue reached EUR 1,291 million in the third quarter, down 4.00 percent on a reported basis and 6.00 percent on a comparable basis year over year, according to Kering.

Kering Jewelry provided a counterweight with EUR 239 million of third-quarter revenue, up 11.00 percent on a comparable basis. Kering Eyewear generated EUR 373 million, up 4.00 percent on the same basis, while the Fashion and Leather Goods segment fell 3.00 percent comparably.

What does the target signal?

RBC Capital maintained a Hold rating and a EUR 260.00 price target on October 22, 2026, according to Markets Insider. The target sits above the Lang & Schwarz price, but the operating evidence remains mixed: Gucci is contracting while jewelry and eyewear are expanding.

Three dates frame the reset

On July 7, 2026, Gucci and L'Oreal entered a 50-year exclusive beauty license agreement. On September 1, 2026, Kering announced three leadership appointments across Kering Jewelry, Kering Italia and group governance. On October 22, 2026, the group reported EUR 3,345 million in third-quarter revenue and confirmed its objective of improving recurring operating margin in 2026.

For investors, the key test is whether product execution can turn brand-level gains into broader growth. Kering said it plans at least 125 net store closures in 2026 after completing 105 closures in the first nine months, making portfolio discipline a measurable part of the turnaround.

Stock stays near its yearly low

The stock's EUR 188.34 reference price is 0.33 percent above its EUR 187.72 52-week low and 46.82 percent below its EUR 354.20 52-week high, based on the October 23, 2026 market snapshot. That positioning leaves Gucci's recovery and the faster-growing jewelry and eyewear businesses central to the next valuation debate.

Kering stock was trading at EUR 188.34 at Lang & Schwarz on October 23, 2026 at 10:08 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Kering stock.