Ermenegildo Zegna Q1 Revenue Beats Estimates 2.5%

Zegna reported Q1 revenue €470.2 million, topping consensus €464.7 million, a 2.5% YoY increase.
Direct‑to‑Consumer sales rose 7.8% YoY to €371.9 million, delivering 14.2% organic growth across all three brands.
Wholesale revenues fell 19.1% YoY to €64.3 million as the group shifted focus to DTC.
Americas revenue grew 9.6% YoY (17.5% organic) to €137.0 million; Greater China turned positive with 0.7% YoY rise.