Kering Q3 Report 2023

Group revenue was €4.5 billion in the third quarter of 2023, down 13% as reported and down 9% on a comparable basis, including a 6% negative exchange-rate effect and a 2% positive impact from the acquisition of Maui Jim.

• Revenue from the directly operated retail network fell 6% on a comparable basis, reflecting lower traffic and contrasted performances across regions.
• Wholesale and Other revenue fell sharply (down 20% on a comparable basis), due in particular to the Group’s ongoing efforts to tighten its control over distribution.

In the first nine months of the year, the Group generated revenue of €14.6 billion