Kering reported first-half revenue of 7.22 billion euros on July 28, up 1% year on year on a comparable basis, with second-quarter revenue rising 2% to 3.652 billion euros, its first quarterly growth in three years, according to 36Kr. Gucci revenue fell 2% in the second quarter, narrowing from a 8% drop in the first quarter, while first-half Gucci revenue was 2.757 billion euros and its recurring operating margin rose 1 percentage point to 17%. The group said Saint Laurent returned to growth in the first half, Bottega Veneta outperformed expectations, and Balenciaga remained in a creative transition. As of June 30, Kering had 1,635 directly operated stores, down 84 from the end of 2025, while comparable sales at its directly operated retail network rose 2% in the second quarter. The stock surged 17% on the next trading day.