Companies

Ferragamo returns to profit

Aug 10, 2026 Italy

The Italy-based luxury group has returned to profitability in the first half of 2026, supported by an improved operational performance and stronger direct-to-consumer net sales

In the second quarter of the 2026 financial year, Ferragamo recorded a consolidated revenue of 259 million euros, representing an increase of 4.6% at constant exchange rates and 2.4% at current rates compared to the same period the previous year. This reversed the sales contraction seen in the first quarter.

“During the second quarter of 2026, the Group continued to execute its strategic initiatives, delivering further progress in the Direct-to-Consumer (DTC) business (…). At the same time, Ferragamo remained focused on retail execution, store productivity and quality of its distribution footprint, maintaining a disciplined and selective approach to the Wholesale channel”, reads the statement.

The DTC channel posted a year-on-year consolidated net sales rise of 6.6% (or 4.8% at current exchange rates) at constant exchange rates year-on-year in the second quarter, mainly driven by the primary channel. The online channel also continued its positive trend. Meanwhile, wholesale net sales remained flat at constant exchange rates and fell by 1.0% at current exchange rates during the period.

Overall, revenue in the first half of the year amounted to 468 million euros, reflecting a 1.9% increase at constant exchange rates and a 1.3% decrease at current exchange rates compared to the first half of 2025. The DTC channel recorded positive trends at constant exchange rates across all the regions, except Japan.

Operational Performance

In the first half of the 2026 financial year, Ferragamo’s gross profit totalled 324 million euros, up from 321 million euros in the same period a year ago. This reflects an improved full-price product mix and continued 'trading up' trends.

The luxury group reported that operating profit (EBIT) reached 21 million euros during the period, compared with a loss of 3 million euros in the first six months of 2025 (excluding the 41-million-euro negative impact of an impairment test).

“Operational discipline remained a key area of focus and contributed to the achievement of a positive EBIT in the first half of the year, further supported by favourable channel and mix dynamics”.

Overall, the group’s net profit in the first half, including the minority interest, was positive at 1.5 million euros, compared with a loss of 16 million euros in the same period last year, excluding the impact of an impairment test.

Image Credits: elle.com

Italy Companies Ferragamo Luxury Quarter Results Results