00:00It's Benzinga bringing Wall Street to Main Street.
00:02Kiering said it expects a return to growth this year after reporting another quarter
00:06of declining sales, with Gucci continuing to lag in new CEO Luca DeMio's first quarter,
00:11according to CNBC. Fourth quarter sales fell 3% on a comparable basis to $4.64 billion,
00:19slightly above fact-set estimates. Gucci sales declined 10%, also a slight beat,
00:24while other brands posted flat or moderate growth. Full-year 2025 sales fell 10% to $17.4 billion,
00:32and recurring operating income declined 33%, with operating margin at 11.5%.
00:38Shares rose as much as 14% and were up 10.3% on the day, but the stock remains down nearly 14%
00:46year-to-date. Kiering said it sees growth and margin improvement in 2026 and plans to present
00:52longer-term guidance in April. For all things money, visit Benzinga.com.
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