Gross sales at Italian luxurious group Salvatore Ferragamo fell 16.6 % at fixed change charges within the first quarter, the corporate mentioned on Thursday.
“Over the quarter, our efficiency was impacted by continued volatility within the Chinese language market, in addition to a persisting weak point in wholesale and journey retail, additional compounded by an unfavourable comparability,” chief government Marco Gobbetti mentioned in a press release.
Revenues totalled 227 million euros ($244.5 million), under analyst expectations of 237 million euros in accordance a LSEG consensus.
By Elisa Anzolin, modifying by Gianluca Semeraro
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