Geox lowers 2025 sales forecast after nine-month decline
12/11/2025 17:04
Nov 12 (Reuters) - Italian shoe maker Geox GEO.MI said on Wednesday it forecasts a decline in full-year 2025 sales "in the high single-digit area" compared to 2024. This adjustment is based on the company's performance in the first nine months of 2025, which saw a decline in sales by 6.2% year-on-year, to 492.8 million euros ($574.70 million), it said. "Market conditions and overall consumer dynamics continue to affect sector demand, which remains in significant contraction," CEO Francesco Di Giovanni said in a statement. ($1 = 0.8575 euros) (Reporting by Mirko Miorelli Editing by Gareth Jones) ((Mirko.Miorelli@thomsonreuters.com;))