Kering Reports Significant Revenue Decline in First Half of 2025

French luxury giant Kering S.A. announced a notable decrease in its first-half revenue for fiscal 2025, recording €7.6 billion, a 16% drop compared to the previous year. The company's flagship brand, Gucci, although leading in sales with €3 billion, saw a sharp 26% decline year over year.

Financial Performance Highlights

The six-month period also witnessed a dramatic fall in net income and earnings per share, settling at €474 million and €3.67, respectively. This downturn reflects the challenging economic landscape and shifting consumer behaviors across key markets.

Market Trends and Challenges

"The slowdown was particularly pronounced in China, with no significant improvement in North America and Europe. The performance gap among sector players has widened," Kering noted in its earnings report, highlighting the competitive and uncertain environment facing the luxury goods industry.