Kering H1 FY26 net income drops 60% to €189 million; revenue slips 3% to €7.22 billion

Reuters2026/07/28 15:44

By:Reuters

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Kering posted first-half revenue of €7.22 billion, down 3% year-on-year, with recurring operating income flat at €921 million.
Recurring operating margin widened 0.4 percentage point to 12.8%, while net income attributable to the Group fell 60% to €189 million.
Gucci first-half revenue slid 9% to €2.76 billion, while Jewelry rose 14% to €521 million and Eyewear increased 5% to €965 million.
Net debt dropped to €3.3 billion, down €4.7 billion since Dec. 31, 2025, with cash and cash equivalents at €8.5 billion.
CEO Luca de Meo said second-quarter revenue returned to growth, citing early progress in desirability, momentum and operating performance amid a demanding market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kering SA published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Kering H1 FY26 net income drops 60% to €189 million; revenue slips 3% to €7.22 billion

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