Kering Reports Stronger-Than-Expected Revenue in Second Quarter Amid Gucci Recovery
In the second quarter of 2026, Kering SA reported stronger-than-expected revenue growth despite a challenging macroeconomic environment. The luxury group's first-half (H1) sales came to €7.22 billion, down 3% year-over-year on a reported basis but up 1% when adjusted for currency and portfolio changes. This performance highlights the ongoing recovery of its flagship brand Gucci, which is showing signs of stabilization after years of decline. Kering's H1 net income attributable to the group was €189 million, while net income from continuing operations (excluding non-recurring items) reached €355 million. The company attributed this resilience to strategic initiatives and improved performance across several key brands in its portfolio. Analysts suggest that Kering’s ability to outperform expectations could provide a boost for the broader luxury sector. The results underscore confidence among investors, with Gucci's turnaround efforts gaining momentum as part of Kering's long-term strategy.
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