𝐊𝐞𝐫𝐢𝐧𝐠 𝐆𝐮𝐜𝐜𝐢 𝐒𝐚𝐥𝐞𝐬 𝐃𝐞𝐜𝐥𝐢𝐧𝐞 𝟔 𝐚𝐬 𝐋𝐮𝐱𝐮𝐫𝐲 𝐆𝐫𝐨𝐮𝐩 𝐅𝐚𝐜𝐞𝐬 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐝 𝐏𝐫𝐞𝐬𝐬𝐮𝐫𝐞

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📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

• Q3 Revenue €3.35B (flat reported, -1% comparable YoY)

• Gucci €1.29B (-6% comparable)

• Fashion & Leather Goods €2.74B (-3% comparable)

• Kering Jewelry €239M (+11% comparable)

• Kering Eyewear €373M (+4% comparable)

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🎯 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞

• Reaffirms target to improve recurring operating margin in 2026

• Plans at least 125 net store closures in FY26, up from 100 previously

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📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• Gucci retail sales -9%, pressured by weak traffic in China and Japan

• Excluding Gucci, Fashion & Leather Goods retail sales +2%

• Saint Laurent, Bottega Veneta and Brioni maintained positive momentum

• Gucci signed a 50-year exclusive beauty licensing agreement with L'Oréal, expected to take effect in mid-2027

• Group retail sales -3%; wholesale and other revenue +3%

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💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭

“The recovery of Gucci remains our defining priority.” — CEO Luca de Meo

𝐊𝐞𝐫𝐢𝐧𝐠: 𝐆𝐮𝐜𝐜𝐢 𝐒𝐚𝐥𝐞𝐬 𝐃𝐞𝐜𝐥𝐢𝐧𝐞 𝟔% 𝐚𝐬 𝐋𝐮𝐱𝐮𝐫𝐲 𝐆𝐫𝐨𝐮𝐩 𝐅𝐚𝐜𝐞𝐬 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐝 𝐏𝐫𝐞𝐬𝐬𝐮𝐫𝐞