The earnings call highlighted Kering's effective cost management and financial improvements, such as reduced net financial debt and strong free cash flow. However, these positives were overshadowed by significant revenue declines, challenges in key markets, and difficulties faced by Gucci and other segments, leading to a negative overall performance.
Company Guidance -
Q4 2025
In the Kering 2025 First Half Results Conference Call, the company reported a revenue of EUR 7.6 billion and a recurring operating income of EUR 969 million, resulting in a 12.8% margin. Despite a 470 basis point year-on-year margin dilution, the company managed to exceed its earlier forecast of a 500 basis point decline, attributed to effective cost-control measures. The free cash flow from operations reached EUR 2.4 billion, with net financial debt reduced by EUR 1 billion to EUR 9.5 billion. The first half revenue faced a 16% decline on a reported basis and a 15% comparable decline, impacted by a 1 percentage point negative FX effect. The second quarter mirrored the first half trend, with a 15% comparable decline in revenue and a 3 percentage point FX headwind. Retail, accounting for 73% of revenue, decreased by 16% comparably in both quarters, with a net decrease of 41 stores since year-end. The company anticipates a continued decline in wholesale, with H1 witnessing a 10% comparable drop. Despite these challenges, Kering maintained a robust free cash flow and continued its deleveraging trajectory, aiming for improved operational efficiency and strategic store closures to enhance brand perception and client experience.
Resilient Performance of Bottega Veneta
Bottega Veneta's revenue was EUR 846 million, up 2% comparable in H1, with retail remaining the main driver. Growth in North America was significant, up 18%.
Efficient Cost Management
Kering achieved a reduction in group OpEx by 11% reported or more than EUR 550 million, with a substantial contribution from fixed costs.
Strong Free Cash Flow
Free cash flow from operations was EUR 2.4 billion after EUR 431 million in CapEx in the first half.
Reduction in Net Financial Debt
Net financial debt was EUR 9.5 billion, a EUR 1 billion improvement compared to year-end.
Kering (PPRUY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PPRUY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jul 29, 2025
$25.12
$24.48
-2.55%
Feb 11, 2025
$25.19
$25.58
+1.55%
Jul 24, 2024
$33.98
$32.46
-4.47%
Feb 08, 2024
$40.84
$42.86
+4.95%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kering Sa Unsponsored ADR (PPRUY) report earnings?
Kering Sa Unsponsored ADR (PPRUY) is schdueled to report earning on Feb 18, 2026, During Market Hours (Confirmed).
What is Kering Sa Unsponsored ADR (PPRUY) earnings time?
Kering Sa Unsponsored ADR (PPRUY) earnings time is at Feb 18, 2026, During Market Hours (Confirmed).
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