Ferragamo reported Q1 2026 revenue of €208.97 million, a 5.5% decline YoY at current rates, missing estimates.
Direct‑to‑consumer sales fell 1.9% YoY to €160.68 million, while wholesale plunged 21.8% to €42.17 million, driven by China slowdown.
North America revenue rose 7.3% YoY to €66.82 million, beating forecasts, whereas Europe fell 17.6% to €44.73 million, missing estimates.
Shares plunged over 16% on the news, reflecting investor concerns over weak Chinese demand and lower license income.