Company Earnings Update 3 minutesRegister for Free AccessKering (ENXTPA: KER) FY16 Results: Strongest Revenue Increase in Last Five Years Coresight Research February 13, 2017 Executive Summary French luxury group Kering reported FY16 revenue of €12.4 billion, up 6.9% year over year and above the analyst consensus estimate of €12.3 billion. At constant currency, revenues increased 8.1% year over year. FY16 gross margin expanded by 180bps year over year and operating margin expanded by 100bps to 15.2%. FY16 EPS of €10.17 increased 26% year over year and beat the analyst consensus estimate of €9.93. The impressive FY16 revenue results reflect a sharp acceleration in performance in 2H16. Both the luxury and sport & lifestyle divisions showed strong sales momentum, propelled by remarkable revenue gains at Gucci, Yves Saint Laurent and Puma. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: E-Commerce Merchandising: Using CGI and AI To Increase Conversion and Boost Your Bottom LineEarnings Insights 3Q24, Week 1: Costco, P&G, Tractor Supply Company and Walgreens Among the Companies Reporting Positive Sales GrowthChina Consumer Tracker: Avoidance Up, Activity DownWeekly US and UK Store Openings and Closures Tracker 2023, Week 21: UK Closures Up 59%
