Ermenegildo Zegna Shares Rise As 4Q Revenue Surge on U.S., China Rebound [MarketWatch]
Ermenegildo Zegna N.V. (ZGN)
Company Research
Source: MarketWatch
At 1:24 p.m. ET, shares were up 6.2% to $12.20. Advertisement The luxury goods company reported revenue for the fourth quarter of 125 million euros ($135.6 million) in the U.S., rising about 63% over the prior year. The company continues to be encouraged by the growth in the U.S., despite the volatile consumer environment it is seeing in the country, Ermenegildo Zegna said. In the Asia Pacific region, the company saw revenue growth of 39%, reaching EUR241 million, mainly driven by China and a strong performance in Japan and the rest of Asia. The rebound seen in Greater China region led to revenue of EUR176 million in the fourth quarter, with an increase of 35% year-over-year, the company added. Overall, Ermenegildo Zegna posted fourth-quarter revenue growth of 40% to EUR570 million. Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
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News
- Revenues at Zegna drop 5% in Q1, dragged by Thom Browne brand [Reuters]Reuters
- Ermenegildo Zegna Group Reported Q1 2024 Revenues of €463 Million1, up 8%2 YoY, Driven by Zegna Brand and the Integration of Tom Ford Fashion [Yahoo! Finance]Yahoo! Finance
- Ermenegildo Zegna Group Reported Q1 2024 Revenues of €463 Million¹, up 8%² YoY, Driven by Zegna Brand and the Integration of Tom Ford FashionBusiness Wire
- Armani 'Doesn't Rule Out' Merger or IPO In Succession Plan [Yahoo! Finance]Yahoo! Finance
- Armani 'Doesn't Rule Out' Merger or IPO In Succession Plan [BNN Bloomberg (Canada)]BNN Bloomberg
ZGN
Sec Filings
- 4/23/24 - Form 6-K
- 4/15/24 - Form 6-K
- 4/9/24 - Form 144
- ZGN's page on the SEC website