The Italian fashion group Salvatore Ferragamo SpA was able to slow its downward trend in the third quarter of the 2025 financial year. This emerges from the current sales figures that the company published on Thursday evening.
In the period from July to September, group sales amounted to 221 million euros. It therefore remained unchanged compared to the same quarter of the previous year. Adjusted for exchange rate changes, revenues rose by 1.7 percent, exceeding market expectations.
Sales in the company’s own retail sector fell by 0.7 percent to 169 million euros, but increased by 4.4 percent after adjusting for currency effects. Currency-adjusted growth in Europe and North and Latin America more than offset losses in Asia, the company said.
In the wholesale business, sales fell by 8.0 percent (currency-adjusted -6.7 percent) to 40 million euros in the third quarter.
In the first nine months, sales fell by almost seven percent
In the first nine months of the current year, the leather goods specialist recorded total sales of 695 million euros, which corresponded to a decline of 6.6 percent (-4.5 percent adjusted for currency effects) compared to the same period last year.
In its own retail sector, sales fell by 4.7 percent (-2.0 percent adjusted for currency effects) to 526 million euros. In the wholesale business, sales fell by 15.4 percent (-12.2 percent adjusted for currency effects) and amounted to 145 million euros.
All market regions suffered losses in the first nine months, although this was partly due to negative currency effects. In Europe, revenues fell by 4.1 percent (-5.0 percent adjusted for currency effects) to 177 million euros. In North America they fell by 0.4 percent to 207 million euros, although adjusted for currency effects they grew by 3.6 percent. In Central and South America, sales fell by 2.6 percent to 53 million euros. However, adjusted for exchange rate changes, the region achieved an increase of 9.3 percent.
However, things fell significantly in Asia. In Japan, revenues shrank by 5.8 percent (-5.1 percent adjusted for currency effects) to 57 million euros, while in the other markets in the Asia-Pacific region they even fell by 17.9 percent (-14.7 percent adjusted for currency effects) to 177 million euros.
The core category of shoes has suffered significant losses
All product categories were in the red in the first nine months. Global sales of shoes fell by 12.7 percent (currency-adjusted -9.8 percent) to 293 million euros and leather goods by 2.1 percent (currency-adjusted +0.6 percent) to 287 million euros.
Sales from clothing fell by 4.9 percent (currency-adjusted -2.5 percent) to 41 million euros, while sales from silk and other products fell by 2.0 percent (currency-adjusted -0.1 percent) to 51 million euros.
The leather goods specialist is continuing to push forward with its strategic reforms
The group emphasized that it had carried out a comprehensive analysis of its business activities since the second quarter. The aim is to ensure a uniform approach from design to production to communication and the individual sales channels.
The company has also strengthened its collections, with a particular focus on the core categories of shoes and leather goods. The main aim here is to achieve a “balance between tradition and innovation” and to increase the efficiency of the collections. At the same time, new technologies were used to make the storytelling more targeted and to sharpen the brand statement.
The company explained that these measures had already led to positive results in its own retail sector and emphasized that it would continue to push forward its strategic initiatives, even against the background of the uncertain geopolitical and macroeconomic environment.
“We will continue to act with operational flexibility and financial discipline and revise cost structures and processes if necessary, without compromising the attractiveness of the brand and future growth,” emphasized management.