Kering shares drop 11% as Gucci sales slide
Published . Updated .
Covered by 7 outlets: WTVB, Sun Herald, Merced Sun-Star, Miami Herald, Bellingham Herald, Reuters and 1 more.
Who covered it: Center 1 · Not rated 6. How we rate outlets
LONDON, Oct 23 (Reuters) - Shares in Gucci owner Kering tumbled 12% on Friday after the group reported further sales declines, but said it would stick with CEO Luca de Meo's turnaround plan and accelerate store closures, aiming for 125 by year-end. ...
Directly affected
- PPRUY Kering (EPA: KER)
Named in this report.
Indirectly affected
- XLY Consumer Discretionary Select Sector SPDR+0.3%
A fund of consumer companies
- AMZN Amazon-2.2%
A large consumer and cloud company
- HD Home Depot+2.8%
A large consumer retailer
- NKE Nike+0.7%
A large consumer brand
- SBUX Starbucks+1.8%
A large consumer brand
- MCD McDonald's-10.4%
A large consumer brand
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| PPRUYNon-US listing (OTC); price checks may stay empty | — | — | — | — | — | — | — |
| XLYNo price data for this ticker | — | — | — | — | — | — | — |
| AMZNNo price data for this ticker | — | — | — | — | — | — | — |
| HDNo price data for this ticker | — | — | — | — | — | — | — |
| NKENo price data for this ticker | — | — | — | — | — | — | — |
| SBUXNo price data for this ticker | — | — | — | — | — | — | — |
| MCDNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Kering shares drop 11% as Gucci sales slide WTVB
Source: WTVB
This story
| Company | When | Move | Status |
|---|---|---|---|
| GLD | that day | -0.70% | final price |
| GLD | three days earlier | +2.33% | final price |
| GLD | five days earlier | +3.51% | final price |
| QQQ | that day | -0.02% | final price |
| QQQ | three days earlier | +1.80% | final price |
| QQQ | five days earlier | +0.75% | final price |
| SPY | that day | -0.48% | final price |
| SPY | three days earlier | +0.66% | final price |
| SPY | five days earlier | -0.09% | final price |
| TLT | that day | -0.53% | final price |
| TLT | three days earlier | -1.97% | final price |
| TLT | five days earlier | -2.07% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 28 Aug 2026. That is 56 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 57 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 25 Aug 2026. That is 59 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Rick Larsen sold Home Depot (HD), worth $1,001 - $15,000 on 8 Oct 2026. That is 15 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Home Depot (HD) (held by a spouse), worth $15,001 - $50,000 on 25 Sep 2026. That is 28 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Home Depot (HD) (jointly held), worth $1,001 - $15,000 on 23 Sep 2026. That is 30 days before publication. Filed 13 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Nike (NKE), worth $15,001 - $50,000 on 28 Aug 2026. That is 56 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Nike (NKE), worth $15,001 - $50,000 on 27 Aug 2026. That is 57 days before publication. Filed 10 Sep 2026. View the filing.
- Rep. Kevin Hern sold Nike (NKE), worth $1,001 - $15,000 on 13 Aug 2026. That is 71 days before publication. Filed 1 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Starbucks (SBUX) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 28 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Starbucks (SBUX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 30 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Starbucks (SBUX) (jointly held), worth $1,001 - $15,000 on 2 Sep 2026. That is 51 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How solid “Kering shares drop 11% as Gucci sales slide” looks
88 out of 100
“Kering shares drop 11% as Gucci sales slide” scores 88 out of 100. The score uses 7 sources.