The fourth quarter saw some improvements, with positive direct-to-consumer performance across all regions.
Ferragamo revenues dropped 3.8% at constant exchange rates to €977 million in fiscal 2025. Sales improved slightly in Q4, down 2% to €282 million. “Since the second quarter of 2025, the group has identified new key business priorities and began implementing the necessary actions to ensure full alignment across design, product, communication and distribution channels, leveraging its strong heritage and creative capabilities,” the company said in a statement.
Ferragamo Group has been without a CEO for almost a year now, since Marco Gobbetti exited in March 2025. Direct-to-consumer sales rose 6.3% in Q4, but this wasn’t enough to offset the 30.6% decline in the wholesale channel. The company attributed the wholesale loss to a “renewed focus on controlled distribution and key accounts”. For the full year, DTC sales increased 0.4%, while wholesale declined 17.1%. By region, North American sales — which account for over 30% of the brand’s revenue — increased 3.1% for the 2025 full year. Sales in Europe and Asia-Pacific declined 6.5% and 11.5%, respectively. Japan sales dropped 3%, while the Central and South America region performed the best, up 7.9%. When it came to categories, sales in footwear and leather goods fell 8.1% and 0.6%, respectively. Apparel revenue, which accounts for 6.3% of total sales, grew 0.2%, while the “silk and other” category saw an uplift of 3.2%. “Mindful that the geopolitical and macroeconomic environment remains uncertain, and that wholesale is likely to remain challenging, our focus in 2026 will be to sustain current momentum, fully deploy the revised positioning and reassess our retail distribution network,” the company said. “We look forward to building on these initial positive results, reigniting brand desirability and supporting topline and profitability.”
Earnings Financial Results Salvatore Ferragamo
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