|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||640.00 - 653.00|
|52-week range||510.40 - 798.00|
|Beta (5Y monthly)||0.97|
|PE ratio (TTM)||24.04|
|Earnings date||27 Jul 2021|
|Forward dividend & yield||8.00 (1.24%)|
|Ex-dividend date||04 May 2021|
|1y target est||790.88|
(Reuters) -European shares closed at six-week highs on Wednesday as strong results from Nestle boosted food company stocks, helping outweigh losses after a clutch of disappointing earnings including luxury group Kering and chipmaker ASML. Swiss food giant Nestle gained 2.7% on an upbeat sales outlook after strong coffee sales and price hikes pushed organic sales 6.5% higher in the third quarter.
(Bloomberg) -- Kering SA shares tumbled after slowing growth at Gucci, its biggest brand, put more pressure on the label’s new collection to deliver a strong holiday season.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightBeef Industry Tries to Erase Its Emissions With Fuzzy Methane MathHate-Speech Case Forces Japan to Confront Workplace RacismComp
PARIS (Reuters) -French luxury group Kering's star fashion brand Gucci grew sales by just 3.8% in the third quarter, missing analyst expectations as the pace of recovery from COVID-19 slowed down sharply, particularly in Asia, following a bumper second quarter. Luxury goods groups have bounced back strongly from the fallout of the health emergency, lifted by pent-up demand for high-end wares as lockdowns ease across the world and consumers return to socialising. Overall sales at Kering rose by 12.2% on a comparable basis, which strips out the effect of acquisitions and currency fluctuations, a touch above an analyst consensus forecast for an 11% increase.