Home » Kering shares on the decline: Kering suffers a decline in sales in Q1 – significant decline in operating profit expected in the first half of the year

Kering shares on the decline: Kering suffers a decline in sales in Q1 – significant decline in operating profit expected in the first half of the year

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Kering shares on the decline: Kering suffers a decline in sales in Q1 – significant decline in operating profit expected in the first half of the year

The French luxury goods group reported first-quarter sales of 4.504 billion euros, down 11 percent on a reported basis compared to the same period last year. On a like-for-like basis, sales fell by 10 percent. Sales corresponded to the analyst consensus of 4.51 billion euros…

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