Ferragamo falls after it reports lower revenue, flags weak April

Salvatore Ferragamo

15/05/2025 08:23

** Shares in Salvatore Ferragamo SFER.MI fall around 7% after the Italian luxury group reported on Wednesday a 1% revenue drop in Q1

** The negative sales trend continued in April, executive board member Ernesto Greco told analysts in a post-results call

** "Ferragamo is the first luxury company in this reporting season to explicitly comment on current trading for Q2, and to point to deteriorating trends sequentially," J.P.Morgan says in a note

** The broker expects these comments to weigh on the broader luxury sector

** Shares in French luxury heavyweights LVMH LVMH.PA and Kering LVMH.PA are down between 2.5% and 3.5%

** Up to Wednesday's close, Salvatore Ferragamo's stock was down 11% YTD

($1 = 0.8911 euros)

 (Reporting by Romolo Tosiani)

 ((Romolo.Tosiani@tr.com))