Companies

Ferragamo confirms full-year revenue decline and discloses lower profits

Mar 17, 2026 Italy

The luxury group has confirmed its 2025 preliminary sales figures, while revealing a decline in profitability in a year marked by brand repositioning and a challenging wholesale environment

Ferragamo reported a revenue of 977 million euros in 2025, which represents a 3.8% decrease at constant exchange rates and a 5.7% decrease at current rates, as compared to the previous year. These figures confirm the preliminary revenue data released earlier this year. Still, the Italy-based group highlighted that momentum improved towards the end of the year.

In the fourth quarter, Ferragamo generated 282 million euros in revenue, representing a 2.0% decline at constant exchange rates, or a 3.2% decline at current exchange rates. Nevertheless, direct-to-consumer (DTC) sales increased by 6.3% at constant exchange rates in the quarter, signalling stronger retail demand.

Compared to 2024, the direct-to-consumer (DTC) channel remained resilient, with a 0.4% increase at constant exchange rates. Meanwhile, the wholesale channel continued to decline as the company streamlined its distribution network.

“Operating within a volatile geopolitical and macroeconomic environment and acknowledging the ongoing selective approach to the wholesale channel, our strategy for 2026 is focused on building on the initial success of our action plan, confirmed by the solid performance of our DTC segment”, reads the statement.

However, the newly disclosed financial results also highlight weaker profitability during the group’s transition phase. Full-year gross profit reached 665 million euros, a decline of 10.1% from 740 million euros the previous year, thanks to negative exchange rate effects and depleted previous collections. EBITDA was166 million euros, down from 215 million euros.

In 2025, Ferragamo reported an adjusted EBIT of 24 million euros and an adjusted net loss of 3 million euros, compared to 35 million euros and a profit of 16 million euros in the previous year. Nevertheless, Ferragamo maintained a solid financial position, ending the year with a positive net financial position of 144 million euros.

“By capitalizing on our brand equity and creative assets, we will continue executing our brand vision, pursuing an effective product offer, a structural alignment across all commercial and communication touchpoints and building on the gains to strengthen brand desirability, with a focused view on revenue and profitability”, the statement concluded.

Image Credits: ferragamo.com

Italy Ferragamo Luxury Quarter Results Results Year Results