Best performers in the CAC 40: Kering stock rebounds 1.5% at its support level
The luxury group owning Gucci and Saint Laurent is recovering in mid-morning trading, as the CAC 40 is also moving higher. The rebound comes after several weeks of pressure and as Kering has just announced a departure from the creative direction of one of its houses.
A rebound that leaves the stock well below its three moving averages
Kering shares are advancing 1.69% to €210.05, following the previous close at €206.55 (technical support level). The stock ranks among the strongest gainers in the CAC 40, which is up 0.81%, but remains significantly below its moving averages: 6.72% below the 20-day MA (€225.19) and 18.63% below the 200-day MA (€258.13). The RSI at 27 reflects an oversold configuration, which explains the limited nature of the rebound following a 14.05% decline over one month. Over the week, the stock remains down 3.34%.
Anthony Vaccarello's departure from Saint Laurent and a quiet first half
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Kering publicly announced on October 9 the departure of Anthony Vaccarello, who had led creative direction at Saint Laurent since 2016. On the results side, the group had published its first-half 2026 accounts on July 29: Group net income fell 60% to €189 million and Gucci's revenue declined 5% on a comparable basis. Management set itself the objective of returning to growth and improving profitability.
Conversely, net debt had been reduced by €4.7 billion through the sale of Kering Beauty. The group also announced in May a share buyback program worth €8.6 billion. The next technical reference point is the support level at €206.55, at the level of the last closing price.
À mesure que Kering progresse dans l'exercice 2026, son objectif demeure de renouer avec la croissance et d'améliorer sa profitabilité
Risks mentioned
Recul du chiffre d'affaires de Gucci de 5 % en comparable au premier semestre
Charges opérationnelles non courantes de 223 millions d'euros (cessions, dépréciations, restructurations)
Résultat net part du Groupe en baisse de 60 % à 189 millions d'euros
Opportunities identified
Endettement net réduit de 4,7 milliards d'euros grâce à la cession de Kering Beauté
Contrat de licence beauté Gucci-L'Oréal exclusif sur 50 ans à compter de mi-2027
Kering Jewelry +20 % en comparable, marge courante en hausse de 2,7 points
Outlook / guidance
Management commentary: « As Kering advances through 2026, its objective remains to return to growth and improve margins. »
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
