Overview
- LuxExperience reported Tuesday €618 million in constant-currency net sales and €5.7 million in adjusted EBITDA, a 0.9% margin that marked a second straight profitable quarter on that basis.
- Mytheresa led growth with Q3 net sales up 9.9% and U.S. revenue up about 34%, helped by full-price selling and a focus on big-spending customers.
- Net-a-Porter and Mr Porter GMV fell about 5.2% to €243 million and Yoox declined 8.9% to €131 million, yet both lifted gross margins after pulling back on promotions and cutting costs.
- Management said Net-a-Porter and Mr Porter should break even this calendar year and Yoox in 2027, following April 30’s sale of The Outnet assets and continued streamlining that lowered the SG&A ratio to 18.3%.
- Guidance held with medium-term targets of €4 billion in net sales and a 7%–9% adjusted EBITDA margin over four to six years, backed by €436.1 million in cash, no debt, and a note that Middle East turmoil briefly hit March demand before recovering.