Kering Shares Tumble 9.3% Amid Continued Gucci Weakness in Q1 2026
By Joyce Li
Published on April 17, 2026.
Kering's shares fell 9.3% to €254 after its overall first-quarter revenues decreased by 6.2% and remained flat in organic terms. Flagship brand Gucci saw revenues fall by 14.3%, indicating a slower than anticipated turnaround for the house. The company's broader portfolio includes fashion brands such as Saint Laurent, Balenciaga, and Bottega Veneta. The decline indicates a slower turnaround at Gucci, exacerbated by a volatile global economy and ongoing conflicts in the Middle East. Investors are now looking to Kering's upcoming Capital Markets Day, where new CEO Luca de Meo is expected to outline his "ReconKering" strategic roadmap.
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