)
Douglas (DOU) investor relations material
Douglas Q1 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Sales grew 1.7% year-over-year to €1.67 billion in Q1, with e-commerce up 4.2% and store sales up 0.4%, despite a challenging consumer environment and increased price sensitivity.
Adjusted EBITDA declined 5.6% to €333.7 million (margin: 19.9%) due to increased promotional activity and adverse product mix effects.
Net income fell to €144.8 million, with EPS of €1.35.
E-commerce now represents 33.9% of total sales, up 80 bps from last year.
Store network expanded with 13 net new stores and 22 refurbishments, reaching 1,972 stores as of December 2025.
Financial highlights
Gross profit margin decreased by 120bps to 42.4% due to heightened promotional activity and price sensitivity.
Net leverage ratio increased to 2.6x (1.4x pre-IFRS16), reflecting higher lease liabilities from store expansion.
Free cash flow after property rents was €383 million, with net financial debt reduced from €789 million to €609 million.
Average net working capital as a percentage of sales improved to 3.6%, supported by supply chain financing.
CapEx increased by €6 million year-over-year, with 15 store openings and 22 refurbishments.
Outlook and guidance
Full-year guidance confirmed: sales expected between €4.65–4.80 billion, adjusted EBITDA margin around 16.5%, and net leverage between 2.5x and 3.0x by September 2026.
Margin improvement in H2 expected from SG&A efficiency and store ramp-up, despite continued gross margin pressure.
CAPEX (excluding leases) projected at €150 million for the year.
France segment now expected to have sales in line with prior year and a slightly lower adjusted EBITDA margin.
CEE segment expected to maintain adjusted EBITDA margin in line with prior year; Parfumdreams/Niche Beauty now expected to see robust sales growth.
Next Douglas earnings date
Next Douglas earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)