Kering reports stable revenue: what it means for Kering stock

Kering reported revenue of EUR 3,345 million for the third quarter of 2026 on October 22, 2026, stable on a reported basis and down 1 percent on a comparable basis, according to the company's release.

Market context: Market report CAC 40.

The week in figures

Kering said revenue for the first nine months of 2026 totaled EUR 10,565 million, down 2 percent as reported and stable on a comparable basis. The company said the reported change included a positive currency effect of 1 percentage point and no scope impact. These figures were reported in the Kering release.

Brand performance

Gucci generated EUR 1,291 million in third-quarter revenue, down 4 percent as reported and 6 percent on a comparable basis. Its directly operated retail sales declined 9 percent on a comparable basis, while wholesale revenue rose 45 percent on a comparable basis to EUR 120 million. Kering said traffic remained the main constraint, while conversion, average price and average ticket improved. The details are in the company release.

Store network and other houses

Kering Fashion & Leather Goods revenue was EUR 2,743 million in the third quarter of 2026, down 1 percent as reported and 3 percent on a comparable basis. Kering Jewelry revenue reached EUR 239 million, up 12 percent as reported and 11 percent on a comparable basis, while Kering Eyewear revenue was EUR 373 million, up 6 percent as reported and 4 percent on a comparable basis. Kering also said it had completed 105 net store closures during the first nine months of 2026 and planned at least 125 net closures for the full year. The figures were reported by Kering.

Recent company developments

Kering's release also recorded the October 9, 2026 announcement of Anthony Vaccarello's departure from Saint Laurent and the October 16, 2026 announcement of Seán McGirr's departure from Alexander McQueen. The company said both houses would announce new creative leadership. The dates and developments appear in the release.