Kering Sa Ord (PPRUF) Q1 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Kering Sa.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.520 -- 00:00:05.727 Welcome to the Caring 2025 First Quarter Revenue Conference 00:00:05.727 -- 00:00:08.091 Call and Webcast. 00:00:08.091 -- 00:00:13.138 Please be advised that today's conference call is being recorded. 00:00:13.138 -- 00:00:17.624 As a reminder, all participants are in listen-only mode. 00:00:17.624 -- 00:00:21.710 Should anyone need assistance during the conference call, they may signal an operator 00:00:21.710 -- 00:00:26.373 by pressing star and zero on their telephone. 00:00:26.525 -- 00:00:31.550 At this time, I would like to turn the conference over to Armel Pollou, Group 00:00:31.550 -- 00:00:36.113 Chief Financial Officer. Please go ahead, madam. 00:00:37.056 -- 00:00:42.101 Good evening to all of you, and welcome to Caring 2025 First Quarter 00:00:42.101 -- 00:00:47.186 Revenue Call. I will be reviewing our performance, and we'll be joined by 00:00:47.186 -- 00:00:52.492 Francesca Berrettini, Deputy CEO in Charge of Brand Development, 00:00:52.492 -- 00:00:58.324 and of course, Claire Roblet, Head of IR and for the Q&A session. 00:00:58.387 -- 00:01:03.916 Starting on slide five, our revenue in the quarter came close to 3.9 billion 00:01:03.916 -- 00:01:08.283 euros, down 14% reported and comparable. 00:01:08.283 -- 00:01:12.890 Scope and FX were brought in neutral this quarter. 00:01:12.890 -- 00:01:16.175 As anticipated, the start of the year was challenging. 00:01:16.175 -- 00:01:21.183 No need to remind you that we are navigating in an uncertain macro 00:01:21.183 -- 00:01:26.322 environment with low visibility and this does not support consumer 00:01:26.322 -- 00:01:27.924 confidence. 00:01:27.924 -- 00:01:31.269 Traffic was weak across most regions. 00:01:31.269 -- 00:01:36.616 Against this tough backdrop, our retail...