Core Insights - Kering Group reported a challenging market environment and plans to continue streamlining distribution and cost base, emphasizing that past adjustments have laid the groundwork for future development [1] Financial Performance - Kering Group's revenue for the first half reached €7.6 billion, a year-on-year decline of 16% [1] - The recurring operating profit was €969 million, down 38.7% year-on-year [1] - Net profit stood at €474 million, reflecting a 46% decrease compared to the previous year [1] - In Q2, revenue was €3.7 billion, a decline of 18% year-on-year, with significant drops in both operating and net profit [1] Brand Performance - The core brand Gucci continued to underperform, with revenue of €3.027 billion in the first half, down over 25% year-on-year [1] - In Q2, Gucci's revenue was €1.456 billion, also showing a decline of over 25% [1] - Same-store sales accelerated their decline by 15% in Q2, with Gucci's decline remaining consistent with Q1 [1] Strategic Measures - Kering's CFO Armelle Poulou indicated that the group has implemented some price increases and may pursue a second round of price adjustments in the fall, emphasizing a prudent approach [1] - The 15% tariff rate from the recently reached EU-US trade agreement aligns with expectations, allowing the group to respond to challenges through price adjustments [1]
开云集团二季度业绩下滑 核心品牌古驰销售额跌超25%
Huan Qiu Wang·2025-07-30 05:59