Kering sales returned to growth in Q2. The return to growth in the second quarter was an important milestone. “We expect the second half margin to be higher than the first half,” Kering CFO Armelle Poulou noted. The group said that the conflict in the Middle East weighed on its sales growth in Q2 by approximately 1 percentage point; the region accounts for around 5% of the group’s retail sales. De Meo anticipates sales growth for the group to be “flattish” in Q3.