Italy's Giglio.com H1 revenue falls, net loss widens
Italy's Giglio.com H1 revenue falls, net loss widens
Overview
Italy online luxury retailer's half-year revenue declined 1% yr/yr, reversing prior declines
Net loss widened to EUR 1.9 mln from EUR 1.3 mln a year earlier
Company cites strong growth in Europe, offset by weakness in non-European markets
Outlook
Company expects cost efficiencies from artificial intelligence integration in the second half of 2026
Result Drivers
EUROPEAN GROWTH - Co said strong business growth in Europe, with GMV up 15%, helped offset overall revenue declines
INTERNATIONAL WEAKNESS - Co said non-European GMV fell 33% due to US tariffs, strong euro, and Middle East conflict
GROSS MARGIN PRESSURE - Decline in gross margin attributed to focus on lower-markup European markets and international challenges
Company press release: ID:nBIA5NJs9s
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 17.3 mln |
|
H1 Net Loss |
| EUR 1.90 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy"
Wall Street's median 12-month price target for Giglio.com SpA is €1.30, about 140.7% above its September 23 closing price of €0.54
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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.)