---
title: "Key facts: Kering SA (KER) H1 net €355M; €1bn stock cut, 84 stores"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294167266.md"
description: "Kering SA reported H1 net income of €355M and recurring operating income of €921M. The company is on track to cut inventory by €1 billion and slashed production to manage stock levels. Kering closed 84 directly operated stores in H1 2026, with Middle East unrest reducing Q2 revenue growth by approximately 1 percentage point. Gucci sales fell 3% year-over-year to €1.41B, though new collections are gaining traction."
datetime: "2026-07-29T07:15:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294167266.md)
  - [en](https://longbridge.com/en/news/294167266.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294167266.md)
---

# Key facts: Kering SA (KER) H1 net €355M; €1bn stock cut, 84 stores

-   Kering SA (KER) reported H1 net income from continuing operations of €355M and recurring operating income of €921M in its interim results. 1
-   Kering SA (KER) says it's on track to cut inventory by about €1 billion and has slashed production this year, citing those measures to manage stock levels. 2
-   Kering SA (KER) cut 84 directly operated stores in H1 2026. The company said Middle East unrest trimmed Q2 revenue growth by about 1 percentage point. 3
-   Kering SA (KER): Gucci sales €1.41B, down 3% YoY. Directly operated store comps still negative. Company says new collections gaining traction and sequential sales acceleration strongest in quarters. 4

### Related Stocks

- [PPRUY.US](https://longbridge.com/en/quote/PPRUY.US.md)

## Related News & Research

- [Gucci sales decline slows in boost for Kering's turnaround efforts](https://longbridge.com/en/news/294089433.md)
- [Kering announces availability of 2026 first-half report](https://longbridge.com/en/news/294091807.md)
- [Kering Publishes 2026 Half-Year Financial Report Online](https://longbridge.com/en/news/294104225.md)
- [BUZZ-Barclays, J.P. Morgan, Equita expect continued hardship for Kering ahead of Q2](https://longbridge.com/en/news/291272669.md)
- [EnBW International Finance, EnBW subsidiary, posts EUR 4.15 million H1 net profit](https://longbridge.com/en/news/294210805.md)