Kering SA (PPRUY)
| Previous Close | 33.79 |
| Open | 35.30 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 34.68 - 35.34 |
| 52 Week Range | 33.79 - 64.61 |
| Volume | |
| Avg. Volume | 195,370 |
| Market Cap | 46.756B |
| Beta (5Y Monthly) | 1.13 |
| PE Ratio (TTM) | 13.43 |
| EPS (TTM) | 2.60 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.50 (4.43%) |
| Ex-Dividend Date | Apr 30, 2024 |
| 1y Target Est | 42.93 |
ReutersLuxury sector outlook clouded by China's slow recovery
Sales updates from Europe's big luxury brands have offered scant reassurance that Chinese demand for high-end fashion is recovering, leaving a cloud over the outlook for the industry. Warning on Tuesday that its first half profit would drop steeply, Kering flagged low demand in Asia, and China in particular, in addition to its struggles to turn around star label Gucci. Italian luxury group Ermenegildo Zegna also saw revenue fall in the first quarter, dragged down by declining sales of its Thom Browne label in the Greater China region.
- Reuters
FOCUS-Tuscany's luxury suppliers feel chill from China and changing trends
Waning Chinese demand for luxury goods has compounded the problems of Tuscany's traditional leather companies as the big fashion houses they supply reshape their strategies, leading to painful layoffs that could be just the start. LVMH, the world's largest luxury group, last week reported Asia revenues fell 6% in the first quarter. Many of the biggest luxury groups, which like Gucci base their leather goods production in Tuscany, had increased orders to respond to the post-pandemic boom.
BloombergKering Shares Drop After Gucci Slump Prompts Profit Warning
(Bloomberg) -- Kering SA shares tumbled after the luxury group warned that profit will plunge in the first half of the year on slumping sales at Gucci, its biggest brand. Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsBiden’s New Chopper Is Demoted After Scorching White House LawnTesla Soars as Musk’s Cheaper EVs Calm Fears Over StrategyThe stock slid as much as 10% in Paris trading to a s
