Ermenegildo Zegna H2 Earnings Call Highlights

1 day ago 3

MarketBeat

Fri, March 20, 2026 astatine 9:06 AM CDT 8 min read

Ermenegildo Zegna logo

FY2025 results: Revenue was EUR 1,917 million (down 1.5% reported, up 1.1% organically) with adjusted EBIT of EUR 163 million (would beryllium EUR 173m excluding a EUR 10 million Saks provision) and reported nett of EUR 109 million; the committee projected a dividend of EUR 0.12 per stock (~EUR 32m).
Stronger margins and equilibrium sheet: Gross borderline roseate to 67.5% driven by a higher DTC premix (82% of branded revenue), SG&A accrued for investments and store growth, portion escaped currency travel improved to EUR 82 million and the radical ended with a nett currency surplus of EUR 52 million (helped by EUR 107m from treasury-share proceeds).
2026 outlook and risks: Management expects aboriginal DTC acceleration but warns of an astir 2-point gross headwind from FX and that radical profitability could beryllium broadly sideways successful 2026; wholesale volition proceed to declaration and uncertainty successful the Middle East adds downside risk.
Interested successful Ermenegildo Zegna N.V.? Here are 5 stocks we similar better.

Consumer Sentiment Highest Since 2021, 3 Stocks Leading the Way

Ermenegildo Zegna (NYSE:ZGN) executives utilized the company’s FY2025 preliminary revenues telephone to corroborate full-year figures released earlier successful February and to sermon marque initiatives, determination trading conditions, and cardinal profitability drivers heading into 2026. Group Executive Chairman Gildo Zegna and Group CEO Gianluca Tagliabue besides addressed the interaction of the struggle successful the Middle East and provided discourse astir wholesale strategy and currency headwinds.

Management confirmed FY2025 gross of EUR 1,917 million, down 1.5% year-over-year connected a reported ground and up 1.1% organically.

→ Why Credo and Astera Soared After Oracle and Broadcom's Earnings

Nike Stock Is Where You Can Find Growth Opportunity

The radical posted a 67.5% gross margin and adjusted EBIT of EUR 163 million, which included EUR 10 million of provisions tied to expected losses connected commercialized receivables related to the Saks Global Chapter 11 procedure. Excluding that provision, adjusted EBIT would person been EUR 173 million, Tagliabue said.

Reported nett roseate to EUR 109 million from EUR 91 million successful the anterior year. Tagliabue attributed portion of the alteration successful the taxation enactment to a little effectual taxation complaint of 22% (from 30% past year), citing non-taxable income successful 2025 related to the remeasurement of enactment enactment liabilities, “mainly the 1 connected the remaining 8% involvement connected Thom Browne.”

→ Forget Chipmakers: Walmart and Target Are the Real AI Plays