Kering 3Q Total Sales, Puma Beat Ests.; Gucci Sales Lag
2014-10-23 15:40:26.306 GMT
By Heather Burke
Oct. 23 (Bloomberg) -- Kering 3Q total sales EU2.61b, est.
EU2.59b (median of 19).
* 3Q total comp sales growth 4.4%, est. 4% (median of 20)
* Total luxury sales EU1.68b, est. EU1.68b
* 3Q organic sales growth:
* Total luxury unit 3.5%, est. 4.2%
* Gucci down 1.9%, est. -0.5%
* Bottega Veneta 10.8%, est. 11.9%
* Saint Laurent 27.5%, est. 21.5%
* Other luxury brands 1.8%, est. 5%
* Other luxury brands 1.8%, est. 5%</li></ul>
* Puma total sales EU847.8m, est. EU832m
* Puma comp sales growth 6.2%, est. 3%
* Said luxury activities “held firm” on strong sales uptrend
in network of directly operated stores; Sport & Lifestyle
activities posted positive sales trends driven by marketing
efforts at Puma, whose relaunch plan beginning to feed
through
* Outlook: “faced with uncertain market conditions, we remain
vigilant”
* Call 6pm CET +4420 3427 1902, pw 5900353
* Preview here
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To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-10-23 15:40:26.306 GMT
By Heather Burke
Oct. 23 (Bloomberg) -- Kering 3Q total sales EU2.61b, est.
EU2.59b (median of 19).
* 3Q total comp sales growth 4.4%, est. 4% (median of 20)
* Total luxury sales EU1.68b, est. EU1.68b
* 3Q organic sales growth:
* Total luxury unit 3.5%, est. 4.2%
* Gucci down 1.9%, est. -0.5%
* Bottega Veneta 10.8%, est. 11.9%
* Saint Laurent 27.5%, est. 21.5%
* Other luxury brands 1.8%, est. 5%
* Other luxury brands 1.8%, est. 5%</li></ul>
* Puma total sales EU847.8m, est. EU832m
* Puma comp sales growth 6.2%, est. 3%
* Said luxury activities “held firm” on strong sales uptrend
in network of directly operated stores; Sport & Lifestyle
activities posted positive sales trends driven by marketing
efforts at Puma, whose relaunch plan beginning to feed
through
* Outlook: “faced with uncertain market conditions, we remain
vigilant”
* Call 6pm CET +4420 3427 1902, pw 5900353
* Preview here
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net