Golden Goose’s first-half net revenues of € 307 million were up 12 per cent, while DTC revenues climbed by 18 per cent, accounting for 73 per cent of net revenues and executing on the company’s DTC expansion goal.
Adjusted EBITDA for the period climbed by 12 per cent to € 109.2 million, while adjusted EBIT of € 80.5 million increased by 9 per cent compared to the first half of 2023.
Commenting on the strong first half results, Silvio Campara, chief executive officer of Golden Goose Group, said in a statement, “As we continue to expand our direct-to-consumer channel, enhancing our product offerings, and to foster deeper connections with our young, passionate and engaged community, I am incredibly proud of our Golden Family for their dedication and passion, which drive our ongoing success.”
The company’s DTC growth was driven by a combination of new openings and strong like-for-like results. The company’s DOS network includes 200 locations, including new ones in Mexico City, Bangkok, Kuala Lumpur, and Rome.
The wholesale channel generated net revenues of € 74.6 million, accounting for 24 per cent of overall net revenues during the period. This marked a 5 per cent reduction year on year. In terms of geography, EMEA accounted for 48 per cent of net revenues during the quarter, followed by the Americas at 38 per cent and APAC at 14 per cent.
Golden Goose debuted a new handbag collection at Neiman Marcus in Dallas in April 2024, expanding the co-creation approach to the category. Handbags are currently available at over 20 Golden Goose locations and on the Golden Goose website.
The company also introduced a new Younique hybrid structure, which combines a café and a retail store, extending the brand’s co-creation experience. Younique cafés are currently open in Bangkok, Nanjing, Seoul, and Xiamen.
