Gucci Group Strong Financial Results For Q3

The Gucci Group reports revenues of € 695.0 million for the third quarter, up 12.8 percent. The fantastic results were driven by strong sales of the fall ready-to-wear collection driving US revenues up 20 percent.

Domenico De Sole, Gucci retiring President and CEO says “This has been a great quarter for the Group. All divisions performed extremely well, led by Gucci’s outstanding sales and profits growth.

“With 20% constant currency retail sales growth in the United States and Europe ex-Italy, and with strong double-digit growth Japan and in most Asian markets, Gucci is one of the best performing luxury brands in the world”.

Third quarter worldwide jewelry sales by the luxury group totaled €24.4 million, a 0.6 percent increase over the same period last year. Watches fetched €52.8 million, a handsome 3.7 percent increase over the third quarter of 2002.

The Gucci Group is one of the world's leading multi-brand luxury goods companies. The Group designs, produces and distributes personal luxury goods, including ready-to-wear, handbags, luggage, shoes, timepieces, jewelry, perfume and cosmetic products.

The Group directly operates stores in major markets throughout the world and wholesales products through franchise stores, duty-free boutiques and department stores.