(AOF) – In a context of normalization in the luxury sector and taking into account the transitions underway within the Houses, Kering’s turnover in the first quarter of 2024 amounts to 4.5 billion euros, down 11% in published data and 10% on a comparable basis. The change in turnover includes a negative currency effect of 3%, and a positive scope effect of 2%, linked to the consolidation of Creed. In this first quarter, Gucci achieved a turnover of 2.1 billion euros, down 21% in published data and 18% on a comparable basis.
Concerning Gucci, sales in its own network were down 19% on a comparable basis over the quarter, notably marked by a significant decline in Asia-Pacific. Wholesale sales were down 7% on a comparable basis.
Yves Saint Laurent’s turnover in the first quarter of 2024 amounted to 740 million euros, down 8% on a published basis and 6% on a comparable basis.
In the first quarter of 2024, Bottega Veneta sales reached 388 million euros (-2% in published data and +2% on a comparable basis).
Given the deterioration in turnover trends, the group now anticipates a decline in its current operating income for the first half of 2024 of around 40 to 45% compared to the first half of 2023.
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