Kering’s $3.9 billion quarter shows Gucci isn’t fixed yet
Culture Index
Score Breakdown
Relevance
9/25
Freshness
17/25
Authority
18/20
Brand Signal
9/15
Depth
8/15
5-Axis Cultural Radar
On Tuesday, Kering reported first-quarter revenue of €3.57 billion, or roughly $3.9 billion, down 6% on a reported basis and flat on a comparable basis. The numbers point to stabilization at the group level, but the story remains unchanged. Gucci is still the problem, accounting for roughly 38% of Kering's sales, and the turnaround is not landing fast enough.
