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reported a jump in its profit last year.
Kering's profit for the year surged to 528.9 million euros ($600.4 million), compared to a year-ago profit of EUR49.6 million, while EPS jumped to €4.20 from €0.39.
The company's overall revenue gained 4% to EUR10.04 billion.
Recurring operating income slipped 5.0% to €1.66 billion euros, versus €1.75 billion euros.
Its sales at Gucci dropped 1.1% to EUR3.5 billion, while operating income fell 6.7% to EUR1.06 billion.
Sales at Puma gained 3.4% to EUR2.99 billion, while operating income declined to EUR128 million.
Bottega Veneta sales climbed 11.3%, while Yves Saint Laurent sales climbed 27%.
Kering shares fell 0.10% to close at $20.88 on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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