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

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).

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

(END) Dow Jones Newswires

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