- Kering‘s total revenue for 2Q: EU4.51 billion, down 11% compared to last year
- Gucci’s revenue for 2Q: EU2.01 billion, down 20% y/y
- Yves Saint Laurent’s revenue for 2Q: EU701 million, down 9% y/y
- Bottega Veneta’s revenue for 2Q: EU448 million, up 2.3% y/y
- Other Houses’ revenue for 2Q: EU893 million, down 7.6% y/y
- Eyewear & corporate division’s revenue for 2Q: EU531 million, up 22% y/y
- Overall first-half revenue: EU9.02 billion, down 11% y/y
- First-half recurring operating income: EU1.58 billion, down 42% y/y
- First-half Gucci recurring operating income: EU1.01 billion, down 44% y/y
- First-half Yves Saint Laurent recurring operating income: EU316 million, down 34% y/y
- First-half Bottega Veneta recurring operating income: EU121 million, down 28% y/y
- First-half Other Houses recurring operating income: EU44 million, down 80% y/y
- Recurring operating margin for the first half: 17.5%
- First-half recurring net income: EU888 million, down 50% y/y
- First-half free cash flow from operations: EU1.1 billion
- Expected 2H recurring operating income: Down ~30% versus 2H23
A look at Kering Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Kering, a company known for its luxury and lifestyle products including Gucci and Puma, has received varying ratings across different factors. While the company fares well in terms of dividends and growth potential, with scores of 4 and 3 respectively, its value and resilience scores are more moderate at 2. Momentum, indicating the stock’s short-term performance, stands at 3. Overall, Kering‘s long-term outlook seems positive, especially considering its solid dividend and growth scores.
Kering SA, the Paris-based luxury goods company behind renowned brands like Bottega Veneta and Alexander McQueen, seems well-positioned for continued success in the luxury market. With a diverse portfolio spanning luxury to sport and lifestyle segments, Kering‘s global presence offers it a competitive edge. While some areas like value and resilience could see improvements, the company’s strong dividend and growth outlook bode well for its long-term prospects in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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