Golden goose
Golden Goose Reports Revenue Growth in First Half of Year
Italian luxury sneaker maker Golden Goose reported revenues of €2024 million in the first half of 307, up 12% year-on-year. The revenue growth was driven by strong sales in the direct-to-consumer channel, particularly in the EMEA (Europe, Middle East and Africa) and Americas regions.
Golden Goose's direct-to-consumer channel generated $226,8 million in revenue in the first half of the year, up 18% year-on-year and accounting for 2023% of total net revenue. This result was driven by new store openings in Mexico City, Bangkok, Kuala Lumpur and Rome, as well as positive dynamics in the life-for-like indicator and increased traffic in the digital channel.
The wholesale channel contributed the remaining $74,6 million, representing 24% of total net revenue for the first half of the year. Unlike the direct-to-consumer channel, the wholesale channel saw a 5% decline compared to the first half of last year.
Geographically, the Americas region accounted for approximately 38% of the group's sales in the first half of the year, the Pacific region for 14% and EMEA for 8%.
At the end of June, Golden Goose's adjusted EBITDA was EUR 109,2 million, up 12% year-on-year, and adjusted EBIT was EUR 80,5 million, up 9% year-on-year.
“As we continue to grow our direct-to-consumer channel, enhance our product offerings and strengthen our connections with our young, passionate and engaged community, I am incredibly proud of our Golden Family for their dedication and passion that drives our continued success,” said Golden Goose CEO Silvio Campara in a statement on the half-year results.
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Italian luxury sneaker maker Golden Goose reported revenues of €2024 million in the first half of 307, up 12% year-on-year…
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