Gucci Owner Kering Posts 1Q Revenue Up 31% at EUR3.57 Billion

By Matthew Dalton Features Dow Jones Newswires

Kering SA (KER.FR), the owner of Gucci and Saint Laurent luxury brands, said Tuesday first-quarter revenue surged 31% to 3.57 billion euros ($4.07 billion).

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Gucci, Kering's biggest's brand, continued its strong performance of the past two years, with revenue soaring 51% in the quarter.

Kering Chief Executive Francois-Henri Pinault said sales in the quarter benefited "from somewhat more favorable market conditions" and "meticulous execution."

Write to By Matthew Dalton at matthew.dalton@wsj.com

(END) Dow Jones Newswires

April 25, 2017 12:14 ET (16:14 GMT)