Kering stock falls 1.97 percent as Gucci recovery remains key

Published on 10/07/2026 at 13:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kering stock traded at EUR 209.30 on October 7, 2026, within a EUR 203.20 to EUR 354.20 52-week range. First-half net income fell 60 percent to EUR 189 million.

Pop-Art-Comic-Illustration einer Frau mit Handtasche vor einem Boutique-Schaufenster — Farbenfrohe Pop-Art-Comicszene einer Modeboutique verkörpert kreativ die Markenwelt von Kering S.A. FR0000121485, Illustration mit AI erstellt.

Kering (ISIN FR0000121485) was trading at EUR 209.30 on Euronext Paris on October 7, 2026, down 1.97 percent during the session. The price stood only EUR 6.10 above its 52-week low of EUR 203.20, while the luxury group continues to rebuild profitability after a sharp first-half earnings decline.

Profit pressure remains visible

Kering lists its first-half 2026 results as published on July 28, 2026. The figures cited by Ideal Investisseur show revenue of EUR 7,220 million and net income attributable to the group of EUR 189 million.

The comparison is stark: first-half net income fell 60 percent, while Gucci revenue declined 5 percent on a comparable basis. The same report identifies EUR 223 million of non-recurring operating expenses linked to disposals, write-downs and restructuring, making cost discipline as important as a recovery in demand.

Broker targets move lower

As Markets Insider reported on October 5, 2026, RBC Capital lowered its Kering target from EUR 280 to EUR 260 and kept a Sector Perform rating. Ideal Investisseur also reported that UBS cut its target from EUR 285 to EUR 224 while retaining a neutral opinion.

The broader consensus remains less negative than those individual revisions. According to Zonebourse, 24 analysts give Kering a Hold consensus, with an average target of EUR 287.03, a high target of EUR 360.00 and a low target of EUR 175.00. The average target lies 37.2 percent above the EUR 209.30 price.

Stock tests its yearly low

Kering's EUR 209.30 price on October 7, 2026, was inside a 52-week range of EUR 203.20 to EUR 354.20. The session range ran from EUR 207.65 to EUR 214.00, and volume stood at 61,797 shares when the quote was recorded at 1:17 p.m. CEST.

The market is therefore weighing a weaker earnings base against the prospect of a recovery in Gucci and other houses. Kering's first-half revenue and profit figures make the earnings repair measurable, while the gap between the stock price and the analyst average target shows that expectations remain conditional on execution.