StocksMediumUpdated•Originally published 22 October 2026•Updated 22 October 2026•
1 min read
Kering Shares Drop 4% as Gucci Sales Fall 6% in Third Quarter
Key Facts
1Kering's Q3 2026 revenue reached €3,345 million, remaining stable on a reported basis.
2Revenue decreased by 1% on a comparable basis amid a challenging macroeconomic environment.
Kering shares fell by more than 4% following reports that Gucci's comparable sales declined 6% in the third quarter of 2026. The drop in performance for the group's flagship brand weighed on investor sentiment despite overall group revenue remaining stable.
Total group revenue reached €3,345 million for the quarter, holding steady on a reported basis according to a statement via GlobeNewswire. PPRUY was trading at $23.75 on October 22, 2026, down from its previous close of $24.74 on October 21, 2026, as the market reacted to the specific weakness in Gucci's retail performance.