Ferragamo first-quarter revenues slip as wholesale sales drop 19%

Salvatore Ferragamo

14/05/2026 17:03

MILAN, May 14 (Reuters) - Revenues at Italian luxury group Ferragamo SFER.MI 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.

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

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

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

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

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

($1 = 0.8564 euros)

 (Reporting by Elisa Anzolin, editing by Alvise Armellini)

 ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))