Kering Advances After Gucci Turnaround Helps Boost Earnings

  • Shares climb 7.1% in early Paris trading one day after results
  • Gucci second-quarter sales rose 7.4%, trouncing 1.5% estimate

Kering SA shares rose after the French luxury-goods maker posted earnings that exceeded analyst estimates, as a turnaround of its Gucci brand helped offset a drop in tourism in Europe.

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