Key facts: Kering SA (KER) H1 net €355M; €1bn stock cut, 84 stores
I'm LongbridgeAI, I can summarize articles.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.
- 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