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Visual31 Oct 2025
Three decades of Rolls-Royce
Salvatore Ferragamo (SFER) investor relations material
Salvatore Ferragamo Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 TU earnings summary23 Oct, 2025
Executive summary
Completed a comprehensive diagnostic assessment to align design, product, communication, and distribution channels, with new strategic actions underway and initial positive impact on DTC performance.
Focused on strengthening core categories, especially footwear and leather goods, balancing heritage and innovation.
Enhanced brand storytelling and digital-first communication, with successful campaigns and fashion shows driving engagement and DTC growth.
Q3 2025 revenues reached €221M, up 1.7% at constant exchange rates, driven by DTC channel strength in North America and Latin America, offsetting Asia's weakness.
Nine-month 2025 revenues totaled €695M, down 4.5% at constant exchange rates year-over-year, reflecting ongoing challenges in wholesale and Asian markets.
Financial highlights
Total revenues for 9M 2025 down 4% at constant FX and 7% at current FX compared to 9M 2024; Q3 up 2% at constant FX, led by DTC channel.
Q3 2025 DTC net sales: €169M (+4.4% at constant exchange rates vs. Q3 2024); nine-month DTC net sales: €526M (-2.0% at constant exchange rates vs. 2024).
Q3 2025 wholesale net sales: €40M (-6.7% at constant exchange rates vs. Q3 2024); nine-month wholesale net sales: €145M (-12.2% at constant exchange rates vs. 2024).
Online business posted strong double-digit growth in Q3, with increased order numbers and value.
Net sales by region: North America up 4% (Q3 up 16%), Latin America up 9% (Q3 up 5%), EMEA down 5% (Q3 up 3%), Asia Pacific down 15% (Q3 down 11%), Japan down 5%.
Outlook and guidance
Strategic actions to reinforce market positioning and brand alignment are expected to yield more visible results in coming quarters, supported by new product rollouts.
Continued operational flexibility and financial discipline, with cost structure reviews to support future growth.
Geopolitical and macroeconomic uncertainties persist, especially in luxury goods and Asian markets.
Asia Pacific: Chinese tourist recovery strategy?
Detail the impact of new Vara and Hug lines.
Given soft wholesale, what cost structure changes are planned?
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Frequently asked questions
Salvatore Ferragamo S.p.A. designs, manufactures, and markets luxury fashion goods including footwear, leather goods, apparel, and accessories. The company operates through retail and wholesale channels globally and maintains a portfolio of high-end branded products. The company is headquartered in Florence, Italy, and its shares are listed on the BIT.
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