Salvatore Ferragamo SpA reports a decline in sales for the first quarter of the current financial year.
The Italian fashion group recorded total sales of 209 million euros in the first three months of the 2026 financial year. This represents a decrease of 1.2 percent at constant exchange rates and 5.5 percent at current exchange rates.
Consolidated net sales of the direct-to-consumer channel amounted to 161 million euros. This is an increase of 5.5 percent at constant exchange rates and a decrease of 1.9 percent at current exchange rates compared to the previous year. In constant currency terms, there were positive developments in all geographical regions except Japan. Double-digit increases were even recorded in North and Latin America.
Net sales in the wholesale channel amounted to 42 million euros. This represents a decrease of 19 percent at constant exchange rates and 21.8 percent at current exchange rates. This decline is also a consequence of the decision to focus on the direct-to-consumer channel and strategic partners. This is in line with the positioning of the brand, explains management in a statement.
Despite the global instability exacerbated by the conflict in the Middle East and possible short and medium-term impacts, Ferragamo will continue to pursue the implementation of the strategic plan. This emerges from the communication. “The group will leverage its heritage and strengths to increase brand desirability, optimize product mix and ensure a coherent narrative across all channels,” it said. “The quality of sales and distribution channels, operational discipline and attention to financial performance will continue to be the focus.”
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