PARIS – PPR, the French conglomerate that owns Gucci Group, on Wednesday reported a 4.5 percent gain in second quarter sales, led by luxury and Puma.
Sales in the three months through June reached 4.97 billion euros, or $7.77 billion, from 4.47billion euros, or $6.03 billion, in the year-ago period, headlined by 8.8 percent growth in luxury and 6.3 percent growth at Puma.
Sales at Gucci improved 3.8 percent to 504.7 million euros, or $789 million, reversing the negative trend of the first quarter, when sales fell 3.3 percent. Before the impact of currency exchange rates, Gucci sales in the quarter grew 11 percent, PPR said.
For complete coverage, see Thursday’s WWD.