Gucci owner Kering reported a 13% revenue decline to €14.67bn in 2025, with a 10% drop in profits. Recurring operating income fell 33% to €1.63bn, and net debt decreased to €8bn. The company aims to bounce back in 2026 with a transformation strategy to improve margins and growth.

Retail revenue across all brands at Kering fell by 11%, with Gucci experiencing a 22% revenue slide. Yves Saint Laurent saw an 8% revenue decrease, while Bottega Veneta reported a 3% increase. Jewellery labels posted growth, but Kering Eyewear and Corporate revenue increased by 3%.

Kering plans to propose a €3 per share dividend to shareholders. An additional €1 per share dividend is proposed following the sale of Kering Beauté to L’Oréal. The company aims to present its transformation strategy on April 16 to enhance brand positioning, sales, and profitability in the coming year.

Kering CEO Luca de Meo expressed confidence in the company’s potential, despite the 2025 performance. Strategic actions in the second half of the year laid the groundwork for future success. The focus in 2026 will be on achieving a leaner, faster organization with improved financial performance and long-term value creation.

Read more at Yahoo Finance: Kering revenue falls in 2025, recovery targeted for 2026