Ferragamo reported Q1 revenues of 209 million euros ($245 million), down 1.2% at constant exchange rates, as wholesale sales dropped 19% YoY to 42 million euros ($49 million). The direct-to-consumer channel rose 5.5% at constant exchange rates to 161 million euros ($188 million), now accounting for 77% of total sales, driven by double-digit growth in North and Latin America. The Italian luxury group attributed the wholesale decline to its selective distribution strategy and a high comparison base, with North America strong and Europe and Asia Pacific weaker. Ferragamo said it remains focused on leveraging brand heritage, refining its product mix and ensuring consistent messaging.

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