Italy's Zegna Q1 revenue rises 2.5% on DTC growth

Ermenegildo Zegna NV

30/04/2026 11:12

Overview

Italy luxury menswear group's Q1 2026 revenue rose 2.5% yr/yr to €470 mln

Direct-to-consumer channel grew 7.8% yr/yr, offsetting a 19.1% decline in wholesale

Americas region led growth, up 9.6% yr/yr, with Greater China returning to positive growth

Outlook

Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

DTC CHANNEL GROWTH - Group said 14% organic growth in direct-to-consumer sales drove overall revenue gains, with all brands contributing

AMERICAS OUTPERFORMANCE - Americas region delivered 17.5% organic growth, outperforming other regions, per company

WHOLESALE DECLINE - Revenue from wholesale channel fell due to strategic focus on DTC and reduced wholesale activity, especially for Thom Browne

Company press release: ID:nBw8y8jKWa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 470 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the apparel & accessories peer group is "buy"

Wall Street's median 12-month price target for Ermenegildo Zegna NV is $12.00, about 4.3% above its April 29 closing price of $11.51

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)