Kering reports Q3 revenue EUR 3.79B, consensus EUR 3.96B

The company said, “Sales from the directly operated retail network were down 17% on a comparable basis, once again adversely affected by lower store traffic. Trends in the various regions weakened by comparison with the second quarter and particularly in Asia-Pacific and in Japan, the latter of which suffered a significant slowdown. In North America and Western Europe, activity was contrasted across Group Houses.”