Kering: Q3 sales down 13%
(CercleFinance.com) - Group sales reached E4.
5bn in Q3 2023, down 13% as reported and -9% on a comparable basis, taking into account a negative exchange rate effect of -6% and a positive scope effect of +2%, due to the acquisition of Maui Jim.
9m sales fell by 3% (-2% on a comparable basis) to E14,599m. Gucci reported sales that are down 5% (-2% on a comparable basis) at E7,345m.
Gucci posted Q3 sales of E2.2bn (-14% as reported and -7% on a comparable basis). Sales in the directly-operated network were down 7% on a comparable basis in the quarter. Yves Saint Laurent Q3 sales totalled E768m, down 16% as reported and down 12% on a comparable basis.
Finally, Bottega Veneta sales totalled E381m (down 13% as reported and down 7% on a comparable basis).
Copyright (c) 2023 CercleFinance.com. All rights reserved.
5bn in Q3 2023, down 13% as reported and -9% on a comparable basis, taking into account a negative exchange rate effect of -6% and a positive scope effect of +2%, due to the acquisition of Maui Jim.
9m sales fell by 3% (-2% on a comparable basis) to E14,599m. Gucci reported sales that are down 5% (-2% on a comparable basis) at E7,345m.
Gucci posted Q3 sales of E2.2bn (-14% as reported and -7% on a comparable basis). Sales in the directly-operated network were down 7% on a comparable basis in the quarter. Yves Saint Laurent Q3 sales totalled E768m, down 16% as reported and down 12% on a comparable basis.
Finally, Bottega Veneta sales totalled E381m (down 13% as reported and down 7% on a comparable basis).
Copyright (c) 2023 CercleFinance.com. All rights reserved.