Gucci Owner Kering Posts 1Q Revenue Up 31% at EUR3.57 Billion
26 April 2017 - 02:29AM
Dow Jones News
By Matthew Dalton
PARIS--Kering SA (KER.FR), the owner of Gucci and Saint Laurent
luxury brands, said Tuesday first-quarter revenue surged 31% to
3.57 billion euros ($4.07 billion).
Gucci, Kering's biggest's brand, continued its strong
performance of the past two years, with revenue soaring 51% in the
quarter.
Kering Chief Executive Francois-Henri Pinault said sales in the
quarter benefited "from somewhat more favorable market conditions"
and "meticulous execution."
Write to By Matthew Dalton at matthew.dalton@wsj.com
(END) Dow Jones Newswires
April 25, 2017 12:14 ET (16:14 GMT)
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