Kering Past Earnings Performance

Past criteria checks 2/6

Kering has been growing earnings at an average annual rate of 11.6%, while the Luxury industry saw earnings growing at 27.6% annually. Revenues have been growing at an average rate of 9.1% per year. Kering's return on equity is 19.2%, and it has net margins of 15.2%.

Key information

11.6%

Earnings growth rate

12.2%

EPS growth rate

Luxury Industry Growth	27.6%
Revenue growth rate	9.1%
Return on equity	19.2%
Net Margin	15.2%
Next Earnings Update	24 Jul 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Kering makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

LSE:0IIH Revenue, expenses and earnings (EUR Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	19,566	2,983	2,982
30 Sep 23	20,061	3,197	2,971
30 Jun 23	20,556	3,411	2,959
31 Mar 23	20,454	3,512	2,895
31 Dec 22	20,351	3,613	2,830
30 Sep 22	19,940	3,652	2,744
30 Jun 22	19,528	3,690	2,657
31 Mar 22	18,587	3,428	2,551
31 Dec 21	17,645	3,165	2,444
30 Sep 21	16,707	3,252	2,325
30 Jun 21	15,769	3,338	2,206
31 Mar 21	14,435	2,749	2,138
31 Dec 20	13,100	2,160	2,070
30 Sep 20	13,362	1,994	2,124
30 Jun 20	13,623	1,827	2,177
31 Mar 20	14,753	2,005	2,234
31 Dec 19	15,884	2,183	2,291
30 Sep 19	15,378	2,116	2,250
30 Jun 19	14,872	2,048	2,208
31 Mar 19	14,268	2,334	2,144
31 Dec 18	13,665	2,620	2,080
30 Sep 18	12,920	2,377	2,017
30 Jun 18	12,175	2,135	1,954
31 Mar 18	11,495	1,904	1,876
31 Dec 17	10,816	1,672	1,798
30 Sep 17	11,290	1,391	2,428
30 Jun 17	11,765	1,110	3,059
31 Mar 17	12,075	967	3,103
31 Dec 16	12,385	825	3,148
30 Sep 16	12,075	755	2,509
30 Jun 16	11,765	686	1,870
31 Mar 16	11,674	670	1,845
31 Dec 15	11,584	655	1,821
30 Sep 15	11,212	775	1,755
30 Jun 15	10,840	894	1,689
31 Mar 15	10,439	951	1,617
31 Dec 14	10,038	1,008	1,545
30 Sep 14	9,863	934	1,529
30 Jun 14	9,688	861	1,512
31 Mar 14	9,672	867	1,514
31 Dec 13	9,656	873	1,516
30 Sep 13	9,728	1,109	1,511
30 Jun 13	9,801	1,345	1,506

Quality Earnings: 0IIH has high quality earnings.

Growing Profit Margin: 0IIH's current net profit margins (15.2%) are lower than last year (17.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 0IIH's earnings have grown by 11.6% per year over the past 5 years.

Accelerating Growth: 0IIH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 0IIH had negative earnings growth (-17.4%) over the past year, making it difficult to compare to the Luxury industry average (-41.8%).

Return on Equity

High ROE: 0IIH's Return on Equity (19.2%) is considered low.

Return on Assets

Return on Capital Employed

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Kering Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

Full year 2023 earnings released: EPS: €24.38 (vs €29.34 in FY 2022)

Kering SA to Report First Half, 2024 Results on Jul 24, 2024

First half 2023 earnings released: EPS: €14.60 (vs €16.08 in 1H 2022)

Full year 2022 earnings released: EPS: €29.33 (vs €25.40 in FY 2021)

Kering SA to Report Fiscal Year 2022 Results on Feb 15, 2023

First half 2022 earnings released

Recent updates

Upcoming dividend of €9.50 per share

Marcolin's Main Shareholder PAI Partners Reportedly Seeks Buyer

Investor sentiment deteriorates as stock falls 16%

Final dividend of €9.50 announced

Full year 2023 earnings released: EPS: €24.38 (vs €29.34 in FY 2022)

Kering SA Proposes Final Dividend for the Year Ended December 31, 2023, Payable on May 6, 2024

Kering SA to Report First Half, 2024 Results on Jul 24, 2024

Less than half of directors are independent

Kering Announces Departure of Tidjane Thiam as Director to the Chairman of Board of Director, Chair of the Audit Committee and Member of the Remuneration Committee

Upcoming dividend of €4.50 per share at 3.7% yield

Kering SA, Annual General Meeting, Apr 25, 2024

Kering SA, Annual General Meeting, Apr 25, 2024

Kering Declares Interim Dividend for Financial Year 2023, Payable on January 17, 2024

Kering SA (ENXTPA:KER) completed the acquisition of a 30% stake in Valentino S.p.A. from Mayhoola Lux S.à R.L.

Kering SA (ENXTPA:KER) completed the acquisition of Creed Fragrances from Javier Ferrán and Blackrock Long Term Private Capital SLP, LP, managed by BlackRock Private Equity Partners, Inc. and BlackRock, Inc. (NYSE:BLK).

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

First half 2023 earnings released: EPS: €14.60 (vs €16.08 in 1H 2022)

Kering SA (ENXTPA:KER) entered into a binding agreement to acquire a 30% stake in Valentino S.p.A. from Mayhoola Lux S.à R.L. for €1.7 billion.

Kering SA Announces Appointment of Maureen Chiquet to the Board of Directors, Effective September 2023

Kering SA acquired U N T (Usinage Et Nouvelles Technologies).

Kering SA (ENXTPA:KER) signed an agreement to acquire Creed Fragrances from Javier Ferrán and Blackrock Long Term Private Capital SLP, LP, managed by BlackRock Private Equity Partners, Inc. and BlackRock, Inc. (NYSE:BLK).

Kering SA (ENXTPA:KER) signed an agreement to acquire Creed Fragrances from Javier Ferrán and Blackrock Long Term Private Capital SLP, LP, managed by BlackRock Private Equity Partners, Inc. and BlackRock, Inc. (NYSE:BLK).

Upcoming dividend of €9.50 per share at 2.4% yield

Kering Sa Appoints Sabato De Sarno as Creative Director of Gucci

Full year 2022 earnings released: EPS: €29.33 (vs €25.40 in FY 2021)

Kering SA Proposes Cash Dividend for the Year Ended December 31, 2022, Payable on May 4, 2023

Kering Appoints Raffaella Cornaggia as CEO of Kering Beauté

Upcoming dividend of €4.50 per share

Kering Declares Interim Dividend for Financial Year 2022, Payable on January 18, 2023

Estee Lauder Reportedly Nears $2.8 Billion Deal to Buy Tom Ford

Kering Reportedly in Advanced Talks to Acquire Tom Ford

Kering SA, Annual General Meeting, Apr 27, 2023

Kering SA to Report Fiscal Year 2022 Results on Feb 15, 2023

First half 2022 earnings released

Kering SA Announces Board Changes

Now 20% undervalued

Management of Sowind Group acquired Sowind Group SA from Kering SA (ENXTPA:KER) in a management buyout transaction.

Kering SA to Report First Half, 2022 Results on Jul 27, 2022

Less than half of directors are independent

Now 20% undervalued after recent price drop

Kering Announces Board Changes

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Management of Sowind Group signed an agreement to acquire Sowind Group SA from Kering SA (ENXTPA:KER) in a management buyout transaction.

Upcoming dividend of €3.50 per share

Investor sentiment deteriorated over the past week

First half 2021 earnings released: EPS €11.72 (vs €2.27 in 1H 2020)

Independent Director has left the company

Upcoming dividend of €5.50 per share

Full year 2020 earnings released: EPS €17.28 (vs €17.40 in FY 2019)

Revenue misses expectations

New 90-day low: €525

Kering SA to Report Fiscal Year 2020 Results on Feb 17, 2021

Upcoming Dividend of €2.50 Per Share

Kering SA, Annual General Meeting, Apr 22, 2021

Richemont Chairman Rejects Sale Speculations

New 90-day high: €605

Market bids up stock over the past week

Bolt Threads Partners With adidas, Kering, lululemon and Stella McCartney to Introduce Mylo™

Kering SA Unable to Provide Guidance for the Second Half of 2020

Kering SA (ENXTPA:KER) acquired remaining 49% stake in e-lite from YOOX Net-A-Porter Group S.p.A.

Kering SA to Report First Half, 2020 Results on Jul 28, 2020

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

Revenue & Expenses Breakdown
Beta