Kering shares surge as CEO Luca de Meo signals fragile recovery for Gucci owner
Kering shares jumped today as the luxury group reported a smaller than expected drop in quarterly sales. CEO Luca de Meo pledged growth and wider margins.
Insights:
Kering S.A. reported a smaller-than-expected 3% decline in fourth-quarter sales on February 10, 2026, as the luxury group’s first quarterly update under new CEO Luca de Meo exceeded analyst expectations. De Meo pledged to deliver growth and wider margins in 2026, a commitment that triggered a surge in Kering shares of as much as 13% during intraday trading. This rally provided a significant lift to other European luxury stocks and affected sector equity valuations.
