Ferragamo Q1 Revenues Slip 1.2 Percent on Wholesale Drop
Ferragamo first-quarter revenues fell 1.2 percent to 209 million euros. A 19 percent wholesale drop offset a 5.5 percent rise in direct retail sales.
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Salvatore Ferragamo reported a 1.2% decline in first-quarter revenue at constant exchange rates as wholesale sales dropped 19%. The Italy-based luxury group generated 209 million euros ($244.05 million), missing the 211 million euro Visible Alpha consensus.
