Kering: revenue down 1 per cent in the third quarter to 3.34bn, stable on a like-for-like basis

Footfall in shops is the main limiting factor

(Il Sole 24 Ore Radiocor) - In the third quarter of 2026, Kering’s revenue totalled 3,345 million euros, remaining stable on a nominal basis and down by 1 per cent on a like-for-like basis compared with the previous year. The change in nominal revenue was boosted by a positive currency effect of one percentage point, with no impact arising from changes in the scope of consolidation.

«‘Third-quarter revenues were affected by the expected trend for the second half of the year and a more challenging year-on-year comparison, compounded by a less favourable macroeconomic environment’, explains the group’s statement, which adds that footfall in stores remained the main limiting factor, whilst the conversion rate, the average price and the average receipt value made a positive contribution in most of the brands, thanks to improved execution of the product range and greater customer engagement.

As regards sales channels, in the third quarter, sales through the network of directly managed shops, including e-commerce, fell by 3 per cent on a like-for-like basis, with mixed performance across the various regions and fashion houses. Revenue from the wholesale channel and other activities grew by 3 per cent on a like-for-like basis.

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