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Salvatore Ferragamo (SFER) investor relations material
Salvatore Ferragamo Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q4 2025 saw positive Direct to Consumer (DTC) performance across all regions, with sequential acceleration despite a challenging comparison base.
Strategic initiatives since Q2 2025 focused on aligning design, product, communication, and distribution, leveraging brand heritage and creative capabilities.
Product enhancements included strengthening key footwear and leather goods lines, and introducing new best-sellers.
Updated communication strategy emphasized brand codes, storytelling, and digital-first campaigns to enhance customer experience and acquisition.
Retail network improvements included store renovations, enhanced visual displays, and a stronger online presence.
Financial highlights
Q4 2025 preliminary consolidated revenues were €282 million, down 2.0% at constant exchange rates and down 3.2% at current exchange rates year-over-year.
Full year 2025 consolidated revenues were €977 million, down 3.8% at constant exchange rates and down 5.7% at current exchange rates compared to FY 2024.
DTC channel in Q4 2025 grew 6.3% at constant exchange rates (0.6% at current exchange rates) year-over-year, with all regions positive.
Wholesale channel declined 30.6% at constant exchange rates in Q4 2025 and 17.1% for FY 2025.
Online channel continued solid growth in Q4 2025, with higher traffic, order numbers, and value.
Outlook and guidance
Focus in 2026 will be on sustaining current momentum, fully deploying revised positioning, and reassessing retail distribution.
Geopolitical and macroeconomic uncertainties and continued wholesale challenges are expected.
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