Kering (KER.PA) earnings: next date, last results and guidance
When is Kering's next earnings date, and what were its last results?
Next earnings date
Feb 17, 2027Wednesday
Expected, not yet confirmed by Kering.
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Executive summary + 8 chapters · 20,880 words · 156 sources
Kering guidance: what does it expect for the year to December 2026?
Management guides to 125 net store closures in 2026, capex of 5% to 6% of revenue and a 50% payout of recurring net income. It aims to more than double the 2025 recurring operating margin of 11.1% over the medium term, without setting a deadline. Its initial 2024 outlook forecast a decline in full-year recurring operating income compared with 2023, particularly in the first half. The 2026 promise of growth and margin improvement remains unsettled after flat comparable revenue for the first nine months.
Capex (% of revenue)
5.0%–6.0%Year to Dec 2026; ongoing · given Apr 16, 2026
Payout ratio of recurring net income, Group share (%)
50.0%Year to Dec 2026; ongoing · given Apr 16, 2026
Guidance is management's forecast of what it expects to report, usually a range.
What is Kering's revenue and profit trend?
Revenue rose strongly through 2022 but was much lower by 2025. Most sales came through Kering’s directly operated boutiques and websites, which give each House control over price, presentation and the customer relationship. They also leave Kering paying for stores and staff when traffic weakens.
Kering’s profits fell faster than sales because its cost base cannot shrink as quickly as customer demand.
The last seven reported periods · EUR millions; per share in EUR · 6 months to Jun 2026
- Revenue7,220
- Operating income698
- Net income136
- EPS, diluted1.11
What should Kering investors watch in the next results?
In November 2026, Gucci’s new store concept and Gucci Core products will provide an early test. Watch store visits as well as sales per transaction. Kering said conversion and average spending improved in the third quarter, but traffic remained the main constraint. More visitors would be stronger evidence of recovery than better spending by the customers already coming in.
The commercial test comes after the runway, when customers can buy the products. Kering’s 2026 full-year results should show whether it met its higher closure goal and improved its recurring operating margin. They should also separate cash generated by the operating businesses from cash raised through property and beauty transactions.
Questions about Kering (KER.PA) earnings
When does Kering report earnings?
Next on Wednesday, February 17, 2027. That date is expected; Kering has not confirmed it yet.
Is Kering expected to beat earnings?
Our report makes no call on that. Management's guidance: Capex (% of revenue), Year to Dec 2026; ongoing: 5.0%–6.0%.
Where could Kering stock be by 2029?
Our report's forecast is €195.52 a share by November 2029, from the €188.54 close of November 9, 2026. Kering stock forecast →
More on Kering (KER.PA)
Kering and its rivals
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How it is made: AI reads Kering's filings, writes the report, checks the numbers against them and cites each source, 156 in this one. How we work · Corrections
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Information only, not investment advice. The next results date is an expectation until Kering confirms it. Prices are those of the date shown.