Kering tracks best day in 17 years after better-than-feared Q4; boosts peers

Swatch groupAG

10/02/2026 08:26

Updates stock move, adds milestones, more analysts comments throughout

** Shares in Kering PRTP.PA soar more than 13%, heading for their biggest single-day jump in a little over 17 years, after the French luxury group posted better-than-expected Q4 results

** Kering's Q4 sales fall less than expected to 3.91 billion euros ($4.66 billion)

** Barclays says Q4 revenue beats consensus by 2%, with FY EBIT at 1.6 billion euros also above

** "The key brand Gucci also beat in the quarter", Barclays adds, flagging that the company eyes return to growth in 2026

** "Results confirm modest further improvement, however the focus will be on the extent to which Kering can engineer a return to growth in a still fairly challenging luxury environment in 2026 and 2027", add RBC analysts

** The results push other European luxury stocks up, with Italy's Moncler MONC.MI, Cucinelli BCU.MI, Ferragamo SFER.MI, Switzerland's Richemont CFR.S and Swatch UHR.S rising 2-4%

 ** Kering's domestic rival LVMH LVMH.PA is up around 2%, while Hermes HRMS.PA gains 3.3%

** The move adds about 4.3 billion euros to the stock's market cap

     ** Up to the previous session's close, Kering shares were down 13.7%​ YTD

($1 = 0.8399 euros)

(Reporting by Mateusz Rabiega)

((Mateusz.rabiega@thomsonreuters.com))