French luxury group Kering said it expected sharply lower profits in the first half of 2024 compared with the previous year after sales at its top brand Gucci sank.
The Paris-based group said that it expected a decline of between 40 to 45 per cent in first half operating income compared with 2023 as it released first-quarter results that showed group sales had declined 10 per cent on a like-for-like basis to €4.5bn.
Analysts had expected first-half operating profit to shrink by 24-30 per cent, according to estimates compiled by Bloomberg.
您已阅读15%（542字），剩余85%（3093字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。