Carole Gladys Madjo's questions to Kering (PPRUY) leadership • Q3 2021
Question
Carole Madjo of Barclays asked about the outlook for the very strong U.S. market, questioning if there were any signs of normalization as government stimulus programs ended.
Answer
CFO Jean-Marc Duplaix acknowledged some volatility in September but noted a 'sharp rebound' in early October, suggesting the end of stimulus has not had a discernible negative impact. He described the U.S. environment as 'very strong' for all group brands, supported by high customer retention and repeat purchase rates, even as growth naturally normalizes against very demanding comparisons.