Kering stock slips 1.32% as Gucci recovery remains central
Published on 11/12/2026 at 17:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGucci Recovery Sets Kering's Next Test
- Kering's third-quarter revenue was stable on a reported basis but fell 1 percent on a comparable basis.
- Gucci revenue declined 6 percent on a comparable basis, while Jewelry and Eyewear provided portfolio support.
- Management kept its 2026 recurring operating-margin improvement goal and raised the store-closure target to at least 125.
Kering stock traded at 189.27 euros on Lang & Schwarz at 17:43 CET on Thursday, November 12, 2026. That was 1.32 percent below the 191.80 euros cited in the latest report at 12:08 CET the same day, extending the focus on execution at Gucci.
Gucci Remains The Central Test
Kering reported its third-quarter revenue on Thursday, October 22, 2026. The group generated 3,345 million euros, unchanged on a reported basis but down 1 percent on a comparable basis, according to the Kering finance page.
Gucci generated 1,291 million euros in the quarter. Revenue fell 4 percent on a reported basis and 6 percent on a comparable basis, while directly operated retail sales declined 9 percent on a comparable basis. Lower traffic weighed particularly on Mainland China and Japan, although conversion, average price and average ticket improved as new collections reached customers.
Portfolio Support And Store Reset
The wider portfolio offered partial support. Kering Jewelry revenue rose 11 percent on a comparable basis to 239 million euros, while Kering Eyewear increased 4 percent on that basis to 373 million euros. Excluding Gucci, directly operated retail sales in Fashion and Leather Goods rose 2 percent on a comparable basis, supported by Saint Laurent, Bottega Veneta and Brioni.
Kering completed 105 net store closures during the first nine months of 2026 and raised its full-year target to at least 125 after exceeding the previous objective of 100. Chief Executive Luca de Meo described the Gucci recovery as the group's defining priority and said the transformation would take several seasons.
Margin Goal Stays In Focus
Management confirmed its objective of improving recurring operating margin in 2026 while continuing to invest in the desirability of its Houses. For investors, the next operating tests are Gucci traffic, the reception of new collections and the execution of the store-network reset.
The broader French market can be followed through current CAC 40 market reports.
More company-specific developments are available in More news and analyses on Kering stock.
Kering S.A.
- ISIN: FR0000121485
- Primary ticker: KER.PA
- Home exchange: Euronext Paris
- Lang & Schwarz quote: 189.27 euros at 17:43 CET on November 12, 2026
- Change since the latest report: -1.32 percent from 191.80 euros at 12:08 CET on November 12, 2026
