Gucci's third-quarter comparable revenue falls 6%, missing estimates

Gucci's revenue fell 6% on a comparable basis in the third quarter, versus a 3.29% decline estimated by analysts, Bloomberg reports. The outlet says weakness in China hurt sales as the brand's years-long turnaround continued to falter. Kering's overall sales fell 1%, and the company did not reiterate its goal of returning to growth in 2026.