Kering Reports Flat Third Quarter Revenue
The luxury group reported €3.345 billion in revenue for the third quarter of 2026.
Updated on Oct. 22, 2026 in Accessories
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Kering reported third quarter 2026 revenue of €3.345 billion, remaining flat on a reported basis while decreasing 1% like-for-like. The results highlight shifting regional performances and a focus on long-term operational efficiency.
Why it matters
Growth in segments like jewellery and eyewear was offset by weaker demand for Gucci in the Asian market and mainland China. To address these challenges, the group is pursuing a strategic store network optimization plan.
Kering Jewellery revenue grew 11% to €239 million, while Kering Eyewear rose 4% to €373 million. Gucci revenue reached €1.291 billion, marking a 4% decline on a reported basis.
The players
Kering
This French-based multinational corporation owns a portfolio of luxury fashion houses and is headquartered in Paris.
Gucci
This Italian fashion brand is a major luxury house under the Kering portfolio that focuses on leather goods, apparel, and accessories.
The details
Despite the overall flat performance, the group successfully improved conversion rates and average basket sizes. The company plans to move forward with a store network optimization plan that includes at least 125 net closures for the 2026 financial year.
Timeline
Q3 2026: Kering reported quarterly financial results.
FY 2026: Planned closure of 125 stores.
Culture Shift
The company's focus on narrowing its physical footprint aligns with Kering's 2026 store network optimization plan. This transition signals a pivot from aggressive retail expansion toward higher profitability and brand exclusivity.
Shoppers may see changes in product availability as the company executes its plan to close 125 stores. Customers should expect a more focused retail presence as the group prioritizes efficiency over physical store count.
The takeaway
Kering is working to stabilize its margins by trimming its physical retail portfolio while focusing on high-growth segments like jewellery. Consumers can expect a more consolidated shopping experience as the company shifts its strategy toward 2026.
Further reading
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