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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Salvatore Ferragamo
Salvatore Ferragamo (SFER) investor relations material
Salvatore Ferragamo Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary20 Oct, 2026
Executive summary
9M 2026 total net revenues were €674.8m, +0.2% at constant FX and -2.8% at current FX; Q3 revenue was €207m, down 3.5% and 6.2%, respectively.
DTC growth offset weaker Wholesale sales; Q3 DTC was stable at constant FX despite tougher comparables, with full-price primary retail and North American and European growth offsetting softer Asian demand.
Five consecutive quarters of positive DTC momentum supported confidence in the strategic direction, focused on product relevance, client relationships and profitable, sustainable growth.
Financial highlights
9M net sales were €660.0m, +0.2% at constant FX and -1.7% at current FX; total net revenues included €12.4m of licenses and other revenues and €1.9m of rental income.
9M DTC revenue was €536.5m, +4.0% at constant FX and +1.9% at current FX; Wholesale was €123.4m, -13.4% and -15.0%, respectively.
Q3 Wholesale net sales fell 19.1% at constant FX and 24.2% at current FX; hedging revenue fell to €0.6m from €8.5m.
Licenses and other revenues rose 3.2% at constant FX, while rental income declined 18.6%.
Outlook and guidance
Strategic priorities remain product quality and relevance, craftsmanship, brand appeal, attentive service and closer client relationships to support long-term growth despite near-term volatility.
Retail execution prioritizes store productivity and client experience; Wholesale focuses on selected partners and strategic key accounts aligned with brand positioning.
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Latest events from Salvatore Ferragamo
- Gross margin rose to 69.2% and net profit reached €1.5m, driven by DTC growth.SFER
Q2 2026 - Q1 2026 revenues dropped 5.5% as DTC growth and online gains offset wholesale declines.SFERQ1 2026 TU
- FY 2025 saw revenue fall 5.7%, DTC resilience, and a focus on cost control and sustainability.SFERH2 2025
- DTC growth accelerated in Q4 2025, offsetting wholesale declines as FY revenues fell 3.8%.SFERQ4 2025 TU
- Q3 DTC and online growth in the Americas and Europe offset 9M revenue declines.SFERQ3 2025 TU
- Revenue and profit fell sharply amid weak Asia Pacific and wholesale; action plan in progress.SFERH1 2025
- Revenues fell in Q3 and 9M 2024, with Asia Pacific and wholesale channels hardest hit.SFERQ3 2024
- H1 2024 profit plunged 73% on 13% lower sales, led by Asia Pacific and wholesale declines.SFERH1 2024
- Q1 2025 revenues fell 2.6% as leather goods and wholesale gains offset Asia Pacific weakness.SFERQ1 2025 TU
Next Salvatore Ferragamo earnings date
Q4 202626 Jan, 2027
Salvatore Ferragamo
Next Salvatore Ferragamo earnings date
Q4 202626 Jan, 2027
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Frequently asked questions
Salvatore Ferragamo S.p.A. designs, manufactures, and markets luxury fashion goods including footwear, leather goods, apparel, and accessories. The company operates through retail and wholesale channels globally and maintains a portfolio of high-end branded products. The company is headquartered in Florence, Italy, and its shares are listed on the BIT.