PARIS, April 24 (Reuters) - Kering's shares slumped on Wednesday, after the French luxury goods company warned it expected a 40% to 45% plunge in first-half operating profit.

Kering shares were down 8.5 percent in early session trading, dragging down slightly the shares of its French rivals LVMH and Hermes.

Late on Tuesday, Kering warned of the likely drop in first-half operating profit as it also reported that first-quarter sales had declined as wealthy shoppers curbed spending on products from its star label Gucci.

(Reporting by Mimosa Spencer; Editing by Sudip Kar-Gupta)