Technology, Consumer Staples Jul 28, 2021 09:18 AM (GMT+8) · EqualOcean
According to the Hong Kong Economic Daily, Gucci's sales have recovered above the pre epidemic level. Kaiyun group, the parent company of Gucci brand, announced on Tuesday that Gucci's comparable sales increased by more than 86% in the second quarter. Analysts expect a 77% increase. Gucci's performance boosted the group's total revenue in the second quarter by 11.2% year-on-year. In the first half of the year, the recurring operating income of Kaiyun group increased by 135% to 2.24 billion euros. Analysts had expected 2.08 billion euros. Gucci contributed more than 80% of the group's recurring operating earnings last year.

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