Kering reported a return to revenue growth in the second quarter of 2026, driven by better-than-expected results at Gucci. The luxury group posted comparable revenue of €3.65 billion, up 2 percent from a year earlier.
Gucci sales fell 2 percent to €1.41 billion, an improvement from the 8 percent decline in the prior quarter and ahead of analyst forecasts for a 4.7 percent drop. Kering chief executive Luca de Meo described the quarter as an important milestone while noting the group remains early in its turnaround efforts.
The company confirmed its full-year guidance for growth and improved profitability compared with 2025. Recurring operating margin rose 40 basis points to 12.8 percent for the first half. Chief financial officer Armelle Poulou said margins are expected to rise further in the second half.
Regional performance varied, with North America up 10 percent and Japan up 9 percent, while Western Europe and Asia-Pacific each fell 1 percent. The group closed 84 stores in the first half as part of its network reshaping. Jewelry sales rose 18 percent to €252 million.