Companies

Ferragamo hints at turnaround after flat third quarter

Oct 30, 2025 Italy

Despite its nine-month performance to date, the Italy-based luxury group has hinted at a turnaround following a flat third quarter of net sales, driven mainly by the performance of DTC across regions

After launching an action plan focusing on products, communication and distribution, the company has seen a “positive performance of the DTC channel in the quarter, supported by higher average ticket, improved cross-selling, innovative technological processes in client segmentation and an effective clienteling strategy”, reads the statement.

Third Quarter Results

In the third quarter of the 2025 financial year, Ferragamo reported a revenue of 221 million euros. This reflects a 1.7% increase on a constant basis, and no change on a current basis, as compared to the same quarter last year.

Overall, “positive results were driven by the North American, European and Latin American markets, which more than offset the challenging luxury goods context in Asia, which nevertheless improved sequentially versus the second quarter of this year”.

On a constant basis, the group’s third quarter net sales increased by 2.8% year-on-year on in the EMEA region and by 15.6% year-on-year in North America. Conversely, third quarter net sales declined by 10.5% year-on-year in the Asia Pacific region, though this was an improvement versus the prior quarter. The Japanese market also recorded a year-on-year decline in net sales of 5.4%, still affected by the low number of Chinese tourists.

Nine Months Results

At the end of September, Ferragamo’s revenue totalled 695.0 million euros. This reflects a 4.5% decrease on a constant basis and a 6.6% decrease on a reported basis, as compared to the same period in 2024.

The direct-to-consumer (DTC) channel accounted for 75.8% of total revenue, contributing 526.4 million euros (a 2.2% year-on-year decrease on a constant basis), while the wholesale channel contributed 145.2 million euros (a 12.2% year-on-year decrease on a constant basis).

Geographically (on a constant basis), the group’s sales rose by 5.0% to 176.9 million euros in North America and by 9.3% to 53.1 million euros in Central and South America in the nine months to the end of September, on a comparable basis to the same period of the prior year.

Conversely, Europe recorded a net sales decline of 5.0% to 176.9 million euros on a constant basis, and Japan recorded a net sales decline of 5.1% to 57.3 million euros, as compared to the same period of 2024. The Asia Pacific region continued to perform poorly, with a nine-month sales decline of 14.7% year-on-year to 177.4 million euros.

Image Credits: ferragamo.com

Italy Ferragamo Luxury Quarter Results Results