Ferragamo shares surge 16% after quarterly sales beat

Salvatore Ferragamo

24/10/2025 08:26

** Shares in Salvatore Ferragamo SFER.MI jump as much as 15.7% to their price since March after the Italian luxury group posted better-than-expected quarterly sales

** Citi says the company's strategic plan seemed to have positively impacted Q3 retail performance

** "The jury's out as to whether this will be enough to support brand rejuvenation in 2026 in a complex luxury sector environment," it adds

** The Florentine group, which has been hit harder than peers by the sector slowdown, said the search for a new CEO was ongoing

** Up to Thursday's close the stock was down 7% YTD; if gains hold it will see its biggest one-day jump since May 2020

 (Reporting by Romolo Tosiani)