(Alliance News) - The board of directors of Salvatore Ferragamo Spa on Thursday reviewed consolidated revenue for the period ended March 31, which saw sales decline slightly amid a complex market environment, though bolstered by growth in the direct-to-consumer channel.

In the first quarter of 2026, total group revenue amounted to EUR209 million, down 1.2% at constant exchange rates and 5.5% at current exchange rates compared to EUR221 million in the same period of 2025.

Consolidated net sales for the DTC channel reached EUR161 million, up 5.5% at constant exchange rates, while at current exchange rates they recorded a 1.9% decline compared to EUR164 million in the first quarter of 2025.

The group highlighted growth at constant exchange rates across all geographical areas, with the exception of Japan, featuring double-digit increases in North America and Latin America.

Consolidated net sales for the wholesale channel, meanwhile, stood at EUR42 million, down 19% at constant exchange rates and 21.8% at current exchange rates compared to EUR54 million in the first quarter of 2025.

The company attributed the decline in part to its strategy of focusing on the DTC channel and strategic partners, in line with the brand's positioning.

Salvatore Ferragamo closed Thursday's session up 4.6% at EUR8.12 per share.

By Maurizio Carta, Alliance News reporter

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