Tod’s, the Italian luxury group, has witnessed its first quarter sales shoot up by 23 per cent – beating all forecasts made by analysts.
The retailer’s Q1 revenue clocked an impressive €219.6 million, all thanks to robust performances in Americas and Europe. However, what’s noteworthy is that Tod’s managed good numbers despite slowdown in China.
It is worth stating here that analysts had expected Q1 sales to be €212 million.
On the whole, the quarterly sales are marginally higher than what it was in 2019, much before the pandemic had caused havoc across the globe.
Tod’s also said that with nearly 30 per cent of stores closed in China due to pandemic-induced restrictions, the Q2 results could get impacted in the region.
Founded in 1920, Tod’s has numerous stores around the world, including large flagship stores in Europe, the U.S., China, Japan, Malaysia, Singapore, Hong Kong, Indonesia and Australia.
