Luxury goods group Kering today reported €3,345 million in Q3 revenues, flat year-on-year on a reported basis and down -1% on a comparable basis.
The strongest performers by division in Q3 were Kering Jewelry (+12% year-on-year on a reported basis) and Kering Eyewear (+6%).
A company statement noted that the eyewear business showed strong resilience despite an anticipated phasing impact between the third and fourth quarters.
“Performance was supported by ongoing innovation and strong commercial execution across the portfolio, with growth across all regions. Key developments during the quarter included the launch of the Fall Winter 2026 collection of Maui Jim, initiatives celebrating the fortieth anniversary of Lindberg, as well as successful sales and marketing campaigns across key markets.”
Kering Fashion & Leather Goods revenue reached €2,743 million in Q3, down -1% reported and -3% on a comparable basis.
Within this, the Gucci business posted revenue of €1,291 million, down -4% as reported and down -6% on a comparable basis.
In the first nine months, Kering Group generated revenue of €10,565 million, down -2% on a reported basis and stable on a comparable basis. Following 75 net store closures in 2025, Kering completed a further 105 net store closures during the first nine months of 2026, with at least 125 net closures planned in the full year.
Kering CEO Luca de Meo said, “Third-quarter revenue reflects the phasing we anticipated, in a softer macroeconomic environment.
“The recovery of Gucci remains our defining priority. We are steadily strengthening desirability and advancing our product development at pace. Reflecting the complementarity of our portfolio, Saint Laurent, Bottega Veneta and Brioni, as well as Kering Eyewear and Kering Jewelry, continue to extend their strong trajectory and we are doubling down on the renewal of Balenciaga and Alexander McQueen.
“Unlocking the Group’s full potential requires restoring momentum at Gucci, accelerating on product excellence, delivering our action plan in China, realising the full benefits of our Group platform and embedding a culture of execution across the organisation.
“The transformation of Kering is a multi-season undertaking, but the improvements we are seeing across the Group, notably in desirability and key operating indicators, reinforce our confidence in the direction we have set, and the determination of our teams to deliver it.” ✈
