Kering Shares Drop 9.3% Amid Gucci's Weak First-Quarter Performance
Kering's shares fell 9.3% to 254 euros after the company reported weak first-quarter results, with Gucci's revenue declining 14.3% to 1.35 billion euros. The company indicated a gradual turnaround at Gucci, and analysts are looking to Kering's Capital Markets Day for more clarity on CEO Luca de Meo's strategic roadmap.
Topics: earnings report Gucci Hermès Kering luxury sector stock price movement