For Q1 Kering’s consolidated revenue is up 27.1 per cent on a reported and 36.5 per cent on a comparable basis. Buoyed by favorable market conditions, this increase is well balanced across all distribution channels. Directly operated stores continued to see strong growth momentum (up 39.9 per cent on a comparable basis), with double-digit growth in all geographic regions, particularly North America (up 54.3 per cent on a comparable basis) and Asia Pacific (up 42.2 per cent on a comparable basis). At the same time, online sales more than doubled during the quarter.

Revenue from the wholesale network rose 30.5 per cent on a comparable basis. Kering Eyewear continued developing its organization, and the collections under the Cartier license, whose sales were consolidated for the first time, were very well received. With a solid framework and bolstered infrastructure, Kering Eyewear has successfully made a name for itself.

Gucci’s revenue was up 37.9 per cent and 48.7 per cent on a comparable basis. Sales in its directly operated stores, where all product categories and nationalities recorded double-digit growth, rose 50.4 per cent on a comparable basis. Revenue posted sharp increases in all geographic regions, particularly North America (up 64.4 per cent) and Asia Pacific (up 49.4 per cent). The house’s online sales, driven by the US, reported triple-digit growth.

Yves Saint Laurent’s revenue was up 12 per cent as reported and 19.6 per cent on a comparable basis.