Gucci drives robust revenue growth at Kering in Q1

The Kering Group reported 27.1 percent growth on reported and 36.5 percent on comparable basis in consolidated revenue for the first three months of 2018 to 3,107.8 million euros (3,797.2 million dollars). Directly operated store sales were up 39.9 percent on a comparable basis, with double-digit growth in all geographic regions, particularly North America, up 54.3 percent on a comparable basis and Asia Pacific, up 42.2 percent on a comparable basis. The company’s online sales more than doubled during the quarter and revenue from the wholesale network, rose 30.5 percent on a comparable basis.