Stock Movers Kering Struggles, Nokia's Tariff Warning, Unilever Boosts Sales
Apr 24, 2025
The luxury market takes a hit as Gucci's sales dive, raising concerns for Kering. Meanwhile, Nokia faces tariff-related challenges, complicating its growth outlook. On a brighter note, Unilever surpasses sales forecasts through strategic price increases and a focus on premium products. The episode blends market analysis with insights on evolving brand perceptions and even offers a touch of pet health with a supplement for dogs.
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Gucci's Sales Miss Expectations
- Gucci sales dropped 25% in Q1, worse than the expected 24% decline, with Asia showing the most weakness.
- Kering's biggest brand struggles continue amid tough luxury market conditions and soft performance from other brands like Balenciaga.
Nokia Warns on Tariff Impact
- Nokia finds meeting the top end of its guidance challenging due to tariffs and economic uncertainty.
- Despite winning a multi-billion euro T-Mobile contract, Nokia shares fell around 9%, extending monthly losses close to 15%.
Unilever's Ice Cream Spin-Off & Pricing
- Unilever plans to list its ice cream business separately as Magnum Ice Cream Co., leveraging strong brand recognition.
- Unilever's sales growth is driven mainly by price increases across products amidst market peers' declines, supporting its stock.