In the first quarter of this year, Golden Goose Group SpA reported revenues of US $ 185.57 million, an 11 per cent rise over the same time the previous year. Sales increased 12 per cent in the three months ending 31st March at constant exchange rates.
D2C revenues increased by 19 per cent to account for 76 per cent of the total, up from 71 per cent in the first quarter of the previous year. In Europe, the Middle East, and Africa, the channel expanded by 30 per cent year over year; in the Americas, it increased by 13 per cent, and in Asia-Pacific, it increased by 9 per cent, with the region starting to rise again.
At the end of the first quarter, Golden Goose had 218 locations, including three new ones that had opened during that time.
The company is taking a number of steps to lessen the negative effects of US tariffs, and it expects that US tariffs won’t have a significant impact on profitability. These measures include improving the efficiency of the US product importing strategy and limiting the repricing of US non-permanent assortment.
Additionally, the business is continually assessing other tactics to maximise profits and improve efficiency even more. There may be some short-term volatility in relation to the outcomes of sales made in the United States because it may take some time for the installation and efficacy of any such countermeasures to fully produce the anticipated consequences, the company stated.
