French luxury goods corporation Kering SA unveiled on Tuesday that its revenue in the first half of fiscal 2025 stood at €7.6 billion, tumbling 16% on an annual basis. Gucci was the most sold brand, garnering €3 billion in revenue for the company, dropping 26% compared to the same period a year ago.
Net income and earnings per share nosedived year over year in the reported six-month period, falling to €474 million and €3.67, respectively.
"There was a marked deceleration in China, while trends did not improve greatly in North America and Europe. In all of those markets, there was a growing divergence in performance between the various sector players," the company mentioned in its earnings report.
