• 11/29/2024

Kering Cautious on Profits Outlook

Wall Street Journal

Gucci owner Kering warned that recurring operating income in 2024 would fall short of last year’s figure, particularly in the first half, with investments and a normalization of sales growth across the sector seen weighing on its profits.

https://www.wsj.com/articles/kering-expects-investments-slowing-sales-growth-to-hit-profitability-in-2024-84dd485d