Kering shares down 5.42% after Q1 sales drop more than expected

ReutersApr 24, 2025 7:06 AM

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PARIS, April 24 (Reuters) - Shares of Kering PRTP.PA dropped 5.42% at market open on Thursday, after the company reported first-quarter sales that came in below analysts' expectations.

Kering on Wednesday evening reported a 14% annual decline in sales, with a 25% drop at flagship label Gucci, adding to evidence that the luxury sector is headed for another tough year.

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