Zegna Q2 Revenue Jumps 11% Organic, DTC Sales Surge 17%
ZGN sits 80% above its 52-week low of $7.605.
Summary
Zegna reported strong Q2 revenue of €517.1 million, an 11% organic increase that accelerated from Q1's 7.4% organic growth. This performance contributed to Italy's Zegna's first-half revenue topping estimates, driven by robust direct-to-consumer sales, which surged 17% organically with all three brands posting double-digit DTC growth. The flagship ZEGNA brand grew 16.5% organically, while Thom Browne returned to positive organic growth at 2.7%, and TOM FORD FASHION advanced 7.1%. These results confirm the luxury group's strategy is gaining traction, particularly in owned retail, though management cautioned patience on the turnaround of Thom Browne and TOM FORD FASHION. The market awaits margin commentary from the conference call today.
At the time of this announcement, ZGN was trading at $13.70 on NYSE in the Trade & Services sector, with a market capitalization of approximately $5.9B. The 52-week trading range was $7.61 to $15.44. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.