SALVATORE FERRAGAMO

S. Ferragamo shares lost around 6.8% to €9.55 after half-year numbers and a cautionary management outlook that reported a marked slowdown in July. Net profit returned to the black at €1.5m, EBIT was €21m, while currency-adjusted revenue in Q2 rose only 4.6% to €259m, slightly below consensus. The wholesale channel contracted more than 11% on a currency-adjusted basis in the first half, weighing on the recovery. Analyst reactions remained muted (JPMorgan neutral with a slight target increase, UBS neutral with a reduced target), and sector-specific headwinds in China and currency effects dampen the outlook. » Mere på de.investing.com

Ferragamo reports a net profit of €1.5 million in the first half of 2026 versus an adjusted loss of €16 million a year earlier. Second-quarter revenue rose 4.6% on a like‑for‑like basis (€259 million in Q2) and direct sales increased 6.6% like‑for‑like from April to June. Thanks to cost control, the core operating result improved by almost a quarter to €90 million. Growth slowed in July, partly due to a weakening in the US and a shortened end‑of‑summer sale; the company is also examining buybacks of unsold inventory. » Mere på de.investing.com

Salvatore Ferragamo reported Q1 2026 revenue of €209m, missing the consensus estimate of €211m, a currency-adjusted decline of 1.2%. Wholesale revenues fell 19% on a currency-adjusted basis due to a deliberate channel optimisation, while direct sales fell 5.5% and online business rose by double digits. Analysts were cautious (UBS: hold, Barclays: sell; JPMorgan: neutral with reduced support) and the stock lost around 15% to €6.90, pointing to a reassessment of the recovery outlook. » Mere på de.investing.com