Gucci 危机拖累开云集团股价创 2008 年以来最大年度跌幅
Gucci Crisis Drags Kering Shares To Largest Annual Drop Since 2008

原始链接: https://www.zerohedge.com/markets/gucci-crisis-drags-kering-shares-largest-annual-drop-2008

古驰 (Gucci) 母公司开云集团 (Kering) 在中国面临着越来越大的挑战,发布了盈利预警,并预计利润将下降至 2016 年水平。 该公司第三季度收入骤降 15%,古驰 (Gucci) 可比收入下降 25%。 由于中国需求疲软,奢侈品行业陷入困境,路威酩轩集团最近令人失望的销售报告就是例证。 开云集团股价今年暴跌 42%,可能创下 2008 年全球金融危机以来最严重的年度跌幅。 尽管北京方面试图采取货币刺激措施,但汽车行业也受到中国经济放缓的影响。

相关文章

原文

Gucci owner Kering SA's problems in mainland China are worsening by the month. After issuing a profit warning earlier this year, the company now expects its annual profits to hit their lowest level since 2016, driven by weak demand from the world's second-largest economy. Shares have plunged by over 40% this year, marking the steepest annual decline since the GFC in 2008.

Kering booked revenue of 3.79 billion euros ($4.09 billion) in the third quarter, down 15% year-over-year and missed the average estimate tracked by Bloomberg of 3.96 billion euros. On a comparable basis, revenue slid by 16%, much worse than the -10.9% estimate. 

Here's a snapshot of third-quarter earnings (courtesy of Bloomberg): 

Comparable revenue -16%, estimate -10.9%

  • Gucci revenue on a comparable basis -25%, estimate -20.7%

  • Yves Saint Laurent revenue on a comparable basis -12%, estimate -9.94%

  • Bottega Veneta revenue on a comparable basis +5%, estimate +4.1%

  • Other Houses revenue on a comparable basis -14%, estimate -3.74%

  • Eyewear & corporate revenue on a comparable basis +7%, estimate +6.13%

Revenue EU3.79 billion, -15% y/y, estimate EU3.96 billion

  • Gucci revenue EU1.64 billion, -26% y/y, estimate EU1.75 billion

  • Yves Saint Laurent revenue EU670 million, -13% y/y, estimate EU688.1 million

  • Bottega Veneta revenue EU397 million, +4.2% y/y, estimate EU391.1 million

  • Other Houses revenue EU686 million, -15% y/y, estimate EU774.5 million 

  • Eyewear & corporate revenue EU440 million, +32% y/y, estimate EU395.4 million

Kering blamed "major uncertainties" weighing on consumers in its major retail markets worldwide for a dismal third-quarter report and expects recurring operating income for the year to fall to around 2.5 billion euros, or the lowest level since 2016

"The results show how tricky it has become for Kering to reset its flagship brand amid a demand slowdown for high-end goods, particularly in China," Bloomberg noted. 

One week ago, the world's largest luxury goods company, LVMH Moët Hennessy Louis Vuitton, commonly known as LVMH, unexpectedly reported lower sales in the third quarter, primarily due to the pullback in Chinese luxury demand. 

Back to Kering, where shares in Paris are down 42% on the year. This would be the worst annual decline since the 2008 GFC if these losses hold. 

Besdies luxury, the automotive industry across the West is being crushed by the China slowdown. Even though Beijing has unleashed the monetary stimuli bazooka, the slowdown appears not to be ending anytime soon.

联系我们 contact @ memedata.com