Kering (PPRUY) shares jumped more than 8% in early morning trading after the owner of Gucci and Alexander McQueen said its luxury business enjoyed the best quarterly performance in three years, with revenue advancing across most of its brands.

Shares in the French retailer and consumer goods maker recently jumped 7.4% to €202.35 in Paris. It was the top gainer among the CAC 40 constituents. The company reported third-quarter revenue results after the markets closed on Tuesday.

The Paris-based company said revenue in the three months ended Sept. 30 jumped 10.5% on a "like-for-like" basis, which strips out the impact of acquisitions, disposals or store expansion,  to €3.2 billion ($3.5 billion). 

The luxury segment saw revenue jump 11.3% to €2.1 billion while revenue in the sports and lifestyle division climbed 9.3% to €1.1 billion. The company said the luxury unit enjoyed the best quarterly performance in three years, and highlighted growth at Gucci and Yves Saint Laurent, where sales rose 17% and 33.9%, respectively.

Gucci, which enjoyed a leap in its shoes, ready-to-wear, and leather good products, also benefited from its digital strategy--sales from e-commerce jumped more than 50%.  At Yves Saint Laurent  e-commerce revenue nearly doubled for the brand in the quarter.

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Balenciaga, Stella McCartney, and Alexandar McQueen also enjoyed sales growth of around 10% or more, the company said.

Meanwhile, Bottega Veneta suffered a 10.9% drop in sales. The company attributed this to slower tourism, mainly in Western Europe and Japan.

"The wide disparity of performance between brands highlights the benefits of a portfolio approach given the robust group performance," Barclays noted. "The strong performance will be positive for margins although the group stated it will continue to invest part of the upside.

Quarterly sales at Puma rose 10.8%.

Sales grew on a double-digit basis overall across all regions except Japan, the company said.  Quarterly revenue in Asia Pacific rose 17%, accounting for 25% of overall sales.

 "We believe the initiatives made within the portfolio of brands will drive sustainable profitable growth at the group," Jefferies analysts wrote in a report. The analysts, who reiterated their buy rating, highlighted the "divergence"  between Gucci and Bottega Veneta, saying the latter was "dragged by overexposure to Asian tourism shifting away from Europe."