Sales were up to €270.5 million, while its result at constant currency rate was €270.9 million, up by 23.3%. All of the group’s brands began 2023 with double-digit reported revenue growth, with Tod’s up by 24.4% to €130.2 million, Roger Vivier up by 30.9% to €68.6 million, Hogan increasing by 10.1% to €56.8 million, Fay showing growth of 30.6% to €14.2 million and Other brands flat at €0.7 million.

By product category, Tod’s reported growth of 19.3% for shoes, totalling €206.8 million in the quarter, while leather goods and accessories were up by 36.5% to €43.2 million. Meanwhile, apparel was up by 37.2% to €19.8 million and other products were flat at €0.7 million.

Regionally, Tod’s saw growth of 17.8% in its home market of Italy at €59.9 million. Europe, excluding Italy, achieved an increase of 18.3% to €57.3 million. The Americas were up by 6.6% to €16.7 million, Greater China saw sales jump by 29.1% to €88.6 million and the Rest of World region as up by 32.8% to €48 million.

Tod’s sales were up by 23.6% in its retail channel to €193 million while sales in its third-party stores saw an increase of 22% to €77.5 million. The group ended the quarter with 333 directly operated stores and 89 franchised stores up by 15 and three respectively.

Chairman and CEO Diego Della Valle said: “We remain focused on our main goal to increase the equity value of both our group and our individual brands, through our continuous commitment to strengthen their positioning with the needed investments in marketing, communication and managerial skills, albeit in a logic of cost control and improvement of operational and managerial efficiency.

“We continue to invest in our supply chain, to ensure the highest possible quality for our products. We will continue to grow selectively our distribution network, while remaining focused on both improving organic growth and developing the omni-channel distribution. The macro-economic environment remains unpredictable; but considering the good sales trends we experienced in April and the excellent orders’ backlog for the winter collections, I’m confident about the group’s future results.”