Gucci has maintained a high growth momentum, which has also made the parent company’s performance exceptionally outstanding in the cloud.
Gucci sales jumped 44.1% to 3.853 billion euros, up from 43% in the same period last year, while operating profit soared 62.1% to 1.477 billion euros, with operating profit margins at a record high of 38.2%.
According to fashion headline statistics, LVMH’s fashion and leather division grew by 25% in the first half of the financial year, compared with Hermes’sales growth of only 5% in the same period. This means that Gucci has won the luxury industry for 10 consecutive quarters.
In the first half of this year, Gucci showed the most significant performance in North America, with an increase of 57% in retail sales. Revenue in the Asia-Pacific region, excluding Japan, rose 48%, sales in Western Europe rose 37%, and sales in other parts of the world rose 49%.