On Tuesday, Kering issued an alarming profit warning that group revenues would plunge 10 percent in Q1 2024. This is sharply steeper than the 6 percent decline in Q4 and, more alarming still, a sharp departure from many analysts’ expectations for positive growth in...
The Prada Group reported strong FY23 growth at an investors’ call today, with revenues growing by 17 percent (at constant exchange rates), mostly in line with analyst expectations. Adjusted EBIT growth was 26 percent, generating a 22.5 percent margin. Growth was...
Our FSW High Frequency Luxury Monitor finished up 3.2 percent on the week, driven by broad based price appreciation across the index’s 18 constituent luxury stocks. The biggest gainers were Zegna (up 6.8 percent after its strong preliminary FY23 earnings report)...
The Zegna Group, about eight months after the addition of Tom Ford Fashion, delivered spectacular preliminary FY23 revenues numbers on February 21. Annual revenue growth came in at 27.6 percent after a monster Q4 of 40.1 percent growth. Even if we focus on just...
With the release Hermès’ FY23 results today, we have now seen the release of most of the major luxury firm’s results this earnings season. We still have a few to go, but we can start to draw some lessons. Going into earnings season, the markets expected that...
