Salvatore Ferragamo reported a Q1 FY24 revenue of €227 million (approximately $244.7 million), down 18.3 per cent year-over-year.
The DTC channel saw an 11.1 per cent drop, while wholesale plummeted by 38.3 per cent.
EMEA, North America, and Asia Pacific regions all faced significant sales declines, impacted by market volatility and weak consumer sentiment.Salvatore Ferragamo reported a Q1 FY24 revenue of €227 million (approximately $244.7 million), down 18.3 per cent year-over-year.
The DTC channel saw an 11.1 per cent drop, while wholesale plummeted by 38.3 per cent.
EMEA, North America, and Asia Pacific regions all faced significant sales declines, impacted by market volatility and weak consumer sentiment.
