“Against a difficult macroeconomic context, our resilient performance in the first half of 2025 reflects the continued global resonance of the Golden Goose brand among its communities. We saw double-digit and high-single-digit growth across all regions, and we expanded our footprint with 10 openings of innovative retail concepts in key strategic cultural and lifestyle hubs, from Venice to Manila”, commented Silvio Campara, CEO of the Golden Goose group.

First Half Results*

In the first half of 2025, the group’s net revenue reached 342.1 million euros, indicating a 13% increase, as compared to the same period last year. This includes accelerated growth in the second quarter, rising from 12% year-on-year in the first quarter to 14% in the second.

During this period, Golden Goose’s direct-to-consumer (DTC)-led strategy has resulted in DTC net revenue growth of 19%, as compared to the first half of 2024. This has increased the proportion of revenue generated through the DTC channel to 77% in this period, up from 73% in the same period a year ago.

At the end of June, the group’s global DOS network had reached 225 stores, with ten new openings in the first half. These included stores in the Hyundai Jungdong department store in Seoul, the Singapore Paragon shopping centre, the SM Mall of Asia in Manila, the Ibiza shopping centre, and the Venice airport. There was also a standalone store focusing on kidswear in Dubai.

Geographically, Golden Goose’s total net revenue in the first half of the year increased by 18% in the EMEA region, 8% in the US and 9% in the APAC region, on a comparable basis to the first half of the previous year. This growth was driven by DTC net revenue, which increased by 26% in the EMEA region, 15% in the Americas region, and 14% in the APAC region.

In the first semester of this year, the group's adjusted EBITDA totalled 113 million euros, which reflects a 3% year-on-year increase, and an EBITDA margin of 33%.

“These results confirm the power of the Golden Goose brand, the strengthen of our DTC and innovation-led strategy and the Co-Creation which keeps on reaching new heights”, added Silvio Campara.

* (on a constant currency basis)

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