Insight Report 4 minutes PremiumSalvatore Ferragamo (BIT: SFER) 9M16 Results: Top Line in Line Despite Wholesale Weakness Coresight Research November 15, 2016 Executive Summary Milan-listed luxury group Salvatore Ferragamo reported a 0.7% slide in revenues in the nine months ended September 30, 2016. Revenues were virtually in line with the consensus estimate. Operating costs grew by 2.2%, leading to a 2.1% fall in operating profit, which came in marginally behind analysts’ expectations. Wholesale revenues were the weak spot, with a major sequential weakening in 3Q16. US wholesale revenues slumped 26% in 3Q16. This performance in wholesale mirrors that reported by some other luxury firms recently. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: August 2023 US Retail Traffic and In-Store Metrics: Apparel Sector Registers Strongest Growth Amid Store-Based Traffic DeclineRetail-Tech Landscape: Generative AI InfrastructureDepartment Stores in Focus—Kohl’s and Macy’s Lead the Way: US Consumer Survey InsightsCES 2023 ShowStoppers: Spotlight on Healthcare Tech
