Kering: Q3 Exceeds Expectations But Market Does Not React Well

Oct. 22, 2022 2:00 PM ETKering SA (PPRUF), PPRUY3 Comments
Eugenio Catone profile picture
Eugenio Catone
1.22K Followers

Summary

  • Yves Saint Laurent continues to grow at an impressive pace.
  • Gucci continues to be a certainty.
  • The company invests billions to acquire new companies to be included in the Kering Eyewear segment.
  • Price multiples are at 10-year lows.

facade of YSL beauty store

Robert Way/iStock Editorial via Getty Images

On October 20, after the market closed, Kering (OTCPK:PPRUF) released its Q3 whose results beat analysts' estimates. Revenues of €4.98 billion were expected versus the reported €5.14 billion. So, it would seem to be good news for the company, but

Revenue

Kering Q3 2022

Gucci growth

Kering Q3 2022

Gucci revenue by geography

Kering Q3 2022

Saint Laurent revenue

Kering Q3 2022

Saint Laurent revenue over the past 10 years

TIKR Terminal

Bottega Veneta revenue

Kering Q3 2022

Other Houses revenue

Kering Q3 2022

Kering Eyewear

Kering Q3 2022

Market cap/ free cash flow

TIKR Terminal

EV/EBITDA

TIKR Terminal

P/E

TIKR Terminal

This article was written by

Eugenio Catone profile picture
1.22K Followers
My articles simply express my humble opinion and are not financial advice.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in PPRUF over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Not a financial advice, just my opinion.

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