Companies

Golden Goose reports double-digit growth in the first quarter

Jun 5, 2025 Italy

The Italy-based luxury sneaker company reported double-digit growth in the first quarter of the year, driven by the successful performance of the DTC channel across all regions

“We are very proud to see that Golden Goose continued to deliver double-digit growth, driven once again by the exceptional performance of the DTC channel. While we are very confident on the strength of our brand, we remain vigilant in the context of the current geopolitical and economic landscape. We are grateful and inspired by the continued support of our family and loyal community of customers”, commented Chief Executive Officer Silvio Campara.

First Quarter Results

In the first quarter of 2025, the company’s net revenue reached 164.5 million euros, an increase of 12% on a comparable basis to the same period of last year.

This growth was driven by the performance of the direct-to-consumer (DTC) channel, with net revenue in the first quarter up by 19% year-on-year. Notably, this channel recorded growth of 30% in the EMEA region, 13% in the Americas region, and 9% in the APAC region, with the latter returning to growth.

Overall, DTC sales accounted for 76% of the company’s net revenue in the period, reflecting an increase from 71% in the first quarter of 2024. This highlights Golden Goose’s dedication to its DTC expansion strategy.

By the end of the quarter, the company was operating 218 stores worldwide, having launched three pop-ups in the first quarter of the year – Selfridges (UK), Manila, and New York.

In other news, as reported at the end of January, the Hong Kong-based investment company Blue Pool Capital acquired a 12% stake in Golden Goose, with Permira retaining the majority investment.

Image Credits: dantendorfer.at

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