Brief: Kering CFO: First Quarter Was Excellent in North America, Sales Fell in China
14/04/2026 18:06
April 14 (Reuters) - Kering's PRTP.PA Chief Financial Officer Armelle Poulou says: NORTH AMERICA'S FIRST QUARTER WAS EXCELLENT, WITH GROWTH ACROSS ALL BRANDS REAFFIRM GOAL OF REDUCING STORE COUNT BY AT LEAST 100 BY YEAR-END CHINA SALES WERE DOWN BY MID-TEENS IN FIRST QUARTER CURRENT TRADING BROADLY IN LINE WITH LAST QUARTER BUT WE NEED TO WAIT TO SEE HOW COMING WEEKS EVOLVE WE SEE GOOD RESPONSE TO NEWNESS AT BRANDS WITH NEW DESIGNERS BUSINESS CONTEXT IS EXTREMELY VOLATILE JEWELRY WAS HELPED BY OTHER FACTORS THAN PRICE INCREASES IN FIRST QUARTER AMBITION IS TO RETURN TO GROWTH FOR ALL BRANDS THIS YEAR EXCLUDING ALEXANDER MCQUEEN OBJECTIVE IS TO GET BACK TO GROWTH FOR ALL BRANDS EXCEPT FOR MCQUEEN FOR THE FULL YEAR Source text: [ID:] Further company coverage: PRTP.PA ((Paris.newsroom@thomsonreuters.com;))