In the first quarter, Salvatore Ferragamo’s revenue declined by 16.6% due to challenges in the Chinese market and a slowdown across all regions and channels. CEO Marco Gobbetti reported total revenues of 227 million euros ($242.89 million), below the expected 237 million euros ($253.59 million). Despite a slight dip in April’s direct-to-consumer sales, the trend from February to April was stable. Gobbetti emphasized ongoing difficulties in China due to economic concerns but noted improvements in Europe's direct-to-consumer sales. He remains focused on enhancing top-line performance without expecting further erosion in gross margin.