Kering’s Q3 2025: Sales Improvement & Turnaround Strategy

Kering shows Q3 2025 sales improvement with Gucci leading. Earnings fell 5%, but beat expectations. CEO Luca de Meo focuses on turnaround amid market challenges. Saint Laurent & Bottega Veneta also see growth.

Kering saw substantial renovation in the 3rd quarter of 2025, compared to the first half of the year and complying with a duration of decreasing sales. Group earnings fell 5 percent on a similar basis to EUR3.42 billion in Q3, the company claimed on Wednesday, defeating agreement assumptions of a 8.8 per cent decline. Revenue at Gucci– its largest brand– was down 14 percent to EUR1.34 billion, marking significant development compared to the very first half of 2025, when it dropped 25 per cent.

Kering’s Q3 Financials: Key Takeaways

LVMH’s fashion and natural leather items department reported a sales decrease of 2 per cent in Q3, an improvement contrasted with a 9 per cent decrease in Q2. Hermès sales were up 9.6 per cent, experiencing a little increased energy contrasted to the first fifty percent of the year. Brunello Cucinelli published a 12 per cent income increase.

Sales at Saint Laurent dropped 4 per cent, versus a 10 per cent decline in Q2, which was attributed to renewed development in North America, as well as ready-to-wear. Sales at Bottega Veneta were up 3 per cent, while the eyewear and “company” division was up 6 per cent.

Sales at Saint Laurent fell 4 per cent, versus a 10 per cent decline in Q2, which was attributed to renewed growth in North America, as well as ready-to-wear. LVMH’s style and leather items division reported a sales decrease of 2 per cent in Q3, a renovation compared with a 9 per cent decline in Q2.

By area, Kering retail sales in The United States and Canada expanded 3 percent in the third quarter, Western Europe was down 7 per cent, Asia-Pacific decreased 10 per cent, omitting Japan, which was down 16 percent, et cetera of the globe up 2 percent.

Regional Performance Highlights

Group revenue dropped 5 per cent on an equivalent basis to EUR3.42 billion in Q3, the company said on Wednesday, defeating consensus assumptions of a 8.8 per cent decline. Earnings at Gucci– its largest brand– was down 14 per cent to EUR1.34 billion, noting significant development compared with the very first fifty percent of 2025, when it went down 25 per cent.

“Kering’s third-quarter performance, while representing a clear sequential enhancement, stays much below that of the market,” Kering CEO Luca de Meo claimed in a declaration. “This enhances my decision to service all dimensions of business to return our homes and the group to the importance they are entitled to. We are functioning non-stop on our turnaround, as revealed by our recent decisions.”

CEO’s Turnaround Strategy

With Kering currently being a companion of L’Oréal and L’Oréal being mentioned amongst potential purchasers of Armani in Giorgio Armani’s will, could we imagine Kering contributing? “I assume our plate is quite complete. The top priority for us is to work on the action strategy that Luca is providing us and to the brand names,” Duplaix stated.

The team associated Gucci’s “sharp sequential renovation contrasted to the 2nd quarter to a more powerful energy in North America and Western Europe, along with the success of new products, particularly natural leather products”.

“We might expect for the group that Q4’s year-on-year sales decrease could be in the same order of size as in Q3, regardless of a harder comparison basis,” Kering CFO Armelle Poulou told experts. The Kering monitoring group confirmed that de Meo will certainly provide his roadmap throughout a capital markets day in spring 2026.

Looking Ahead: Q4 Expectations