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via finance.yahoo.comMarkets

Kering slides as Gucci sales fall 6% despite in-line Q3 revenue

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Kering's ADRs are down over 4% on Thursday after the luxury group reported a 6% comparable decline in third-quarter sales at Gucci, its largest brand. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishWeak Gucci sales, its largest brand, weigh on the stock despite revenue in line with expectations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Kering's ADRs fell over 4% after third-quarter results.
  2. 02Gucci comparable sales declined 6%.
  3. 03Group revenue was €3.35 billion, roughly in line with the €3.34 billion consensus.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Kering S.A.KER.PAStock213.50 EURMarket closedtoday -1.27%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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