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Non-Tech : GUCCI (GUC) EXPLOSIVE GROWTH!
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To: Candle stick who wrote ()4/1/1997 11:06:00 AM
From: Candle stick   of 40
 
Gucci <GUC.N> says comfortable with EPS forecasts

HONG KONG, April 1 (Reuter) - Domenico De Sole, chief
executive officer of Gucci Group N.V., said on Tuesday he was
comfortable with Wall Street analysts' estimates of earnings per
share (EPS) of US$3.30 for fiscal 1997.
"The last I heard, some of the analysts were coming out with
approximately US$3.30 EPS for fiscal 1997. We feel reasonably
comfortable with that," De Sole told Reuters after a press
conference.
De Sole was in Hong Kong after formally opening two Gucci
stores in China in the last two weeks.
The Italian luxury goods company posted net income per share
of US$2.76 in the year to January 31, 1997, compared with
US$1.68 the previous year. Revenues rose to US$880.7 million
from US$500.1 million.
De Sole also told Reuters he had heard analysts were
expecting top-line growth of about 25 percent this fiscal year.
"We are comfortable with that," he said.
-- Hong Kong newsroom (852) 2843 6441
REUTER
Rtr 01:37 04-01-97
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