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Salvatore Ferragamo (BIT: SFER) 1Q16 RESULTS: TOP-LINE MISS; BOTTOM-LINE BEAT

Executive Summary

  • Salvatore Ferragamo posted 1Q16 revenues that were down 1.8%, slightly missing the consensus estimate.
  • An increase in the gross margin boosted operating profit by 4.5%.
  • Net profit rose by 6.3%, beating expectations.+
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