Salvatore Ferragamo Q3 FY20 sales fall 38.5% to €611 mn

Fashion

11 Jan `21

2 min read

Salvatore Ferragamo, a luxury goods company, has reported 38.5 per cent revenue decline to €611.2 million in its third quarter (Q3) FY20 that ended on September 30, 2020 compared to revenue of €994.4 million in the same period previous fiscal. Company incurred a net loss of €96.1 million compared to net profit of €61.4 million in Q3 FY19.

Salvatore Ferragamo, a luxury goods company, has reported 38.5 per cent revenue decline to €611.2 million in its third quarter (Q3) FY20 that ended on September 30, 2020 compared to revenue of €994.4 million in the same period previous fiscal. Company incurred a net loss of €96.1 million compared to net profit of €61.4 million in Q3 FY19.#

Gross profit for Q3 FY20 was €367.6 million (Q3 FY19: €644.1 million). The operating loss for the quarter was registered of €74.4 million compared to the operating profit of €93.9 million in H1 FY19.

Salvatore Ferragamo, a luxury goods company, has reported 38.5 per cent revenue decline to €611.2 million in its third quarter (Q3) FY20 that ended on September 30, 2020 compared to revenue of €994.4 million in the same period previous fiscal. Company incurred a net loss of €96.1 million compared to net profit of €61.4 million in Q3 FY19.#

Retail revenue for the period came down 35.3 per cent to €415.9 million (€643.3 million). Whereas, wholesale revenue plunged 44.5 per cent to €187.9 million (€338.7 million).

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