Kai Yun Group'S Earnings Report Gucci Worse Than Expected

Kai Yun group, one of the giants of the global luxury group, has been enjoying the past. In particular, the recent three main brands of Gucci and Saint Laurent have always been active in our topic circle, and it is even more desirable. Recently, Kai Yun group issued its first quarter earnings in 2016.

It is reported that in the first quarter of March 31, 2016, Gucci, one of the main brands of Kai Yun group, actually recorded an increase of 3.1%, though slightly less. Market expectations The 5% to 6% increase, but because of the general downturn in the luxury market, such an increase is also "outstanding". In addition, it benefited from the strong sales performance in Western Europe and the listing of spring and summer series in 2016, which made the brand record more satisfactory growth.

As another main force, Saint Laurent may be due to some time ago. Creative director The group did not disclose too much data, but the group said the sales performance of Saint Laurent was also in line with expectations. In addition, the brand new creative director will also bring his first show in the brand in the spring and summer fashion week of 2016/2017 in October this year.

In the first quarter, the group's total revenue was 2 billion 723 million 800 thousand euros, slightly lower than the market expected 2 billion 767 million euros, an increase of 2.7% over the same period. The group said Gucci The new power of injection has been answered by the market. But people in the industry believe that the loss of Hedi Silmane Saint Laurent may slow down in the coming period.

It is worth mentioning that, as one of the main brands of the group, the Chinese name is Bao Bao's Bottega. Veneta also seems to be like the netizens jokingly called "package price drop", in the first quarter, Bao butterfly sales revenue plummeted by 8.3%, the group said that the continued decline of the brand was mainly due to the decline in the number of tourists in the European region, resulting in the same store sales performance decline, however, this statement can not seem convincing. Not only western Europe, but also North America and other markets (except Japan) all fell.