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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: US Men’s Plus-Size Apparel Market: Embracing Growth and InclusivityWeinswig’s Weekly: Here’s How US Consumers Will Spend Labor DayJune 2023 US Retail Sales: Higher Wages and Slower Inflation Drive Moderate Retail Sales GrowthDiving into the Diverse, Underserved Segments of the US Beauty Market
