Kering stock analysis: Shareholder confidence despite profit drop

Kering's (KER) share price remains steady on Wednesday morning. After a brief dip immediately following the stock market's opening, the share price is now a few percentage points higher than the previous day. The French luxury group published its second-quarter and first-half results for the financial year after markets closed on Tuesday. The financial update revealed a 46 percent drop in profits in the first six months of 2025. However, shareholders appear to remain confident, as evidenced by trading on the French stock exchange, Euronext.