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Ferragamo first-quarter revenues slip as wholesale sales drop 19% - Finance news and analysis from Global Banking & Finance Review
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Ferragamo first-quarter revenues slip as wholesale sales drop 19%

Published by Global Banking & Finance Review

Posted on May 14, 2026

1 min read

· Last updated: May 14, 2026

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Ferragamo Q1 Revenue Falls — Wholesale Sales Down, DTC Grows Amid Market Shift

Ferragamo Q1 2024 Financial Performance Overview

Revenue and Sales Performance

MILAN, May 14 (Reuters) - Revenues at Italian luxury group Ferragamo fell 1.2% at constant exchange rates in the first quarter as wholesale sales dropped 19% compared to a year earlier, the company said on Thursday.

Key Financial Figures

• Revenues totalled 209 million euros ($244.05 million), a touch below a Visible Alpha consensus of 211 million euros.

Regional Performance

• Results were supported by strong performance in North America, while Europe and Asia Pacific were weaker.

Sales Channel Analysis

Wholesale Channel Decline

• Wholesale sales dropped 19% in the first quarter, while direct-to-consumer channel rose 5.5% at constant exchange rates.

Strategic Focus on DTC

• The drop in the wholesales sales reflects the company's decision to focus on DTC and key accounts, the company said.

DTC Channel Growth

• DTC channel accounted for 77% of total sales in the first quarter.

Additional Information

($1 = 0.8564 euros)

(Reporting by Elisa Anzolin, editing by Alvise Armellini)

Key Takeaways

  • Q1 revenues reached €209 million, just below consensus, down 1.2% at constant exchange rates (investing.com)
  • Wholesale sales tumbled 19%, reflecting Ferragamo’s strategic shift toward more selective distribution and key accounts (cdn.financialreports.eu)
  • The direct-to-consumer channel grew 5.5%, accounting for 77% of total sales, with strong performance in North America offsetting weaker Europe and Asia Pacific (cdn.financialreports.eu)

References

Frequently Asked Questions

How much did Ferragamo's revenues decline in Q1?
Revenues fell 1.2% at constant exchange rates in the first quarter compared to the previous year.
What caused the drop in Ferragamo's wholesale sales?
Wholesale sales dropped 19% due to the company's strategic focus on direct-to-consumer and key accounts.
What was the total revenue for Ferragamo in the first quarter?
Ferragamo reported total revenues of 209 million euros ($244.05 million) in Q1.
How did Ferragamo's direct-to-consumer channel perform?
The direct-to-consumer channel rose 5.5% at constant exchange rates and accounted for 77% of total sales.
Which regions performed strongly for Ferragamo in Q1?
The North America region showed strong performance, while Europe and Asia Pacific were weaker.

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