shares in french luxurygoods conglomerate kering traded sharply lower on friday despite a strong rise in headline revenue after sales at its main brand gucci fell short of expectations amid covid19 lockdowns in china kering on thursday reported firstquarter revenue of 496 billion euros 538 billion up 21 on a comparable basis from the previousyear period analysts had expected revenue of eur474 billion according to factset revenue at its flagship gucci brand rose 13 the performance fell short of consensus expectations of an 18 increase stifel analyst rogerio fujimori said in a note at 0722 gmt shares in kering were down 57 at eur52150 as with the overall group guccis sales growth was strong among local consumers in north america and western europe but took a hit from new pandemicrelated measures in mainland china notably kering said among the groups other brands yves saint laurent was the standout performer with a 37 increase secondary brands helped kering beat expectations at group level but while kering gradually becomes less dependent on gucci investor and market focus will remain on the performance of the leading brand bernstein analyst luca solca said in a note write to cristina roca at cristinarocawsjcom and joshua kirby at joshuakirbydowjonescom