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0 · Gucci stocks plunge
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Shares in French luxury conglomerate Kering dropped 11.9 per cent after falling sales in Asia for its Gucci brand triggered a rare profit warning. Kering SA shares plunged after the French luxury group warned that sales at its Gucci brand have fallen about 20% in the first quarter as its brash look loses favor with . Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions. Shares in Kering fell more than 8 per cent on Wednesday morning after the French luxury group said it expected sharply lower profits in the first half of 2024 as sales at its top brand Gucci sank.
Shares of French luxury group Kering sank more than 9% at open on Wednesday. The company warned it expects a sharp downturn in first-half profits as a result of waning .
The Kering Group (KER.PA) Q3 2024 earnings are in: The group issued its third profit warning this year as Gucci again missed market forecasts. Luxury stocks tumbled Wednesday after a profit warning from Gucci parent Kering laid bare a sharp slowdown in once soaring demand for high-end goods, especially in China. 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. The stock slid as much as 10% in. 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.
Kering SA warned that profit will plunge in the first half of the year as the crisis at Gucci, its biggest brand, deepens. Recurring operating income will drop between 40% and 45% in the first. Shares in French luxury conglomerate Kering dropped 11.9 per cent after falling sales in Asia for its Gucci brand triggered a rare profit warning. Kering SA shares plunged after the French luxury group warned that sales at its Gucci brand have fallen about 20% in the first quarter as its brash look loses favor with Chinese shoppers. Shares in Kering fell more than 8 per cent on Wednesday morning after the French luxury group said it expected sharply lower profits in the first half of 2024 as sales at its top brand Gucci sank.
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Shares of French luxury group Kering sank more than 9% at open on Wednesday. The company warned it expects a sharp downturn in first-half profits as a result of waning demand for its Gucci brand. The Kering Group (KER.PA) Q3 2024 earnings are in: The group issued its third profit warning this year as Gucci again missed market forecasts. Luxury stocks tumbled Wednesday after a profit warning from Gucci parent Kering laid bare a sharp slowdown in once soaring demand for high-end goods, especially in China.
Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions. 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. The stock slid as much as 10% in. 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.
Kering SA warned that profit will plunge in the first half of the year as the crisis at Gucci, its biggest brand, deepens. Recurring operating income will drop between 40% and 45% in the first.
Shares in French luxury conglomerate Kering dropped 11.9 per cent after falling sales in Asia for its Gucci brand triggered a rare profit warning. Kering SA shares plunged after the French luxury group warned that sales at its Gucci brand have fallen about 20% in the first quarter as its brash look loses favor with Chinese shoppers. Shares in Kering fell more than 8 per cent on Wednesday morning after the French luxury group said it expected sharply lower profits in the first half of 2024 as sales at its top brand Gucci sank. Shares of French luxury group Kering sank more than 9% at open on Wednesday. The company warned it expects a sharp downturn in first-half profits as a result of waning demand for its Gucci brand.
The Kering Group (KER.PA) Q3 2024 earnings are in: The group issued its third profit warning this year as Gucci again missed market forecasts. Luxury stocks tumbled Wednesday after a profit warning from Gucci parent Kering laid bare a sharp slowdown in once soaring demand for high-end goods, especially in China. Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions.
Gucci stocks plunge
Gucci stocks falling
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. The stock slid as much as 10% in. 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.
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