Kering (PRTP.PA) reported sharp growth in fourth-quarter sales on Thursday, beating expectations over the holiday period as marketing investments and 100th anniversary events helped boost the popularity of its top Gucci brand.
Overall sales at the French luxury goods group rose 31.9% on a comparable basis to 5.41 billion euros ($6.14 billion) in the last three months of the year, powered by a 31.6% surge at Gucci that was almost double a 17% consensus forecast by analysts.
