By  on July 25, 2019

PARIS — Weak sales in the United States again weighed on revenue growth at Gucci in the second quarter, casting a shadow over parent company Kering’s performance despite a solid 15.9 percent uptick in overall sales at the French luxury group.

Revenues at the Italian label increased by 12.7 percent on a comparable basis in the three months to June 30, falling short of consensus estimates. Gucci had posted organic growth of 40.1 percent in the same period a year ago, and recorded a 20 percent rise in like-for-like sales in the first quarter.

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