The brand reported negative quarterly results, attributed to geopolitical tensions and weaker demand during the summer period.The brand reported negative quarterly results, attributed to geopolitical tensions and weaker demand during the summer period.
Backstage at Ferragamo Spring/Summer 2027Photo: Vogue Runway
- In the third quarter, Salvatore Ferragamo Group revenues dropped 3.5% year-on-year, on a constant currency basis, to €207 million.
- In the first nine months of the year, revenues remained flat year-on-year, reaching €675 million.
- The company attributed the results to shaky wholesale performance, which offset positive momentum in the direct-to-consumer (DTC) channel during the first three quarters.
- Third-quarter DTC sales, a priority for the group, were flat year-on-year, bolstered by growth in North America and Europe, but dragged by a weak performance in Asia.
- Wholesale sales in the quarter fell 19.1% year-on-year, attributed to a selective distribution and strategic positioning.
