Kering SA Faces Significant Stock Drop After Q1 Results

In a surprising turn of events, Kering SA saw its shares fall by 6% this Thursday. This dramatic drop followed the release of their first-quarter earnings report for 2025, which revealed sales figures that fell short of market expectations.

Detailed Financial Performance

The luxury fashion conglomerate reported a 14% year-over-year decline in revenue, totaling €3.88 billion. Retail sales didn't fare any better, with a 16% decrease. Notably, Gucci, which contributes nearly half of Kering's total revenue, experienced a 25% drop, bringing in €1.57 billion.

Market Reaction

By 9:44 am CET, Kering's stock price had fallen to €164.32 per share, marking a 6.07% decrease. This downturn highlights the challenges the luxury sector may be facing in the current economic climate.