Group revenues totalled €221 million for the three months ending September 30, unchanged at current exchange rates and up 1.7% at constant rates compared with the same period in 2024. DTC sales rose 4.4% at constant exchange rates to €169 million, driven by double-digit growth in North and Latin America and solid gains in Europe, which offset weaker performance in Asia.
For the first nine months of 2025, total revenues reached €695 million, down 6.6% at current exchange rates from €744 million a year earlier. DTC sales declined 4.7% to €526 million, while wholesale revenues fell 15.4% to €145 million amid continued softness in the channel.
Leather goods remained a cornerstone of Ferragamo’s portfolio, generating €287 million in sales — 42.7% of total revenues. The section showed stability with a 0.6% decline at current exchange rates and 2.1% growth at constant rates. The brand commented: “We are further strengthening our collections with a strong focus on our core categories of footwear and leather goods, in particular balancing heritage and innovation, while at the same time improving collection efficiency. In handbags, the Hug line continues to consolidate as a new pillar of the brand, while the women’s shoes offer has been further enhanced through the successful launch of the new Vara line.”
Ferragamo said the initial phase of its strategic realignment, aimed at tightening design, product and communication coherence, is yielding results. The company cited improved average transaction values, stronger cross-selling, and enhanced digital storytelling as drivers of the DTC improvement, with further benefits expected in the coming quarters.
