Salvatore Ferragamo reported consolidated revenue of 674.8 million euros for the first nine months of 2026, down 2.8 per cent from the same period last year. At constant exchange rates, revenue remained broadly stable, increasing by 0.2 per cent. In the third quarter alone, sales fell by 3.5 per cent at constant exchange rates to 207 million euros.
The group’s direct-to-consumer (DTC) business continued to grow, generating 536.5 million euros in net sales, an increase of 4% at constant exchange rates. Wholesale revenue, meanwhile, declined by 13.4 per cent to 123.4 million euros. Ferragamo attributed the decrease partly to its selective distribution strategy, which focuses on its own retail network and selected wholesale partners.
North America recorded the strongest regional performance, with net sales rising by 11.2 per cent at constant exchange rates during the nine-month period. Central and South America also reported growth of 4.8 per cent.
In contrast, sales declined by 7.4 per cent in Europe, the Middle East and Africa (EMEA), while the Asia-Pacific region recorded a decrease of 5.3 per cent. Japan reported a decline of 2.2 per cent. According to the company, weaker demand in China continued to affect its Asian business. In the third quarter, growth in direct sales in North America and Europe helped offset weaker performance in Asia.
Footwear continued to account for the largest share of Ferragamo’s business. Sales in the category reached 297 million euros in the first nine months, representing growth of 2.6 per cent at constant exchange rates. Footwear accounted for approximately 45 per cent of total net sales.
Leather goods, the group’s second-largest category, generated 270.3 million euros, down 3.5 per cent at constant exchange rates. The category represented around 41 per cent of net sales.
Despite the challenging market environment, Ferragamo reiterated its confidence in its medium- to long-term strategic direction.
