Italian luxury brand Tod’s showcases resilience with an impressive 14.3% surge in sales during the initial nine months of the year. This growth, driven by robust sales in Europe despite a third-quarter slowdown in China, highlights Tod’s ability to navigate complex global dynamics.
While acknowledging this positive trajectory, Tod’s recognizes the challenges posed by the current global landscape. The company remains optimistic about achieving the analyst consensus of 1.138 billion euros in sales and 93 million euros in operating profit for the full year, though the path forward may require additional strategic considerations.
During a conference call with analysts, Tod’s CFO Emilio Macellari emphasizes the pivotal role of the last quarter’s performance in shaping final results. Macellari acknowledges the complexities, including the slowdown in China and global uncertainties heightened by Middle East tensions.
The challenge is more pronounced on the EBIT (Earnings Before Interest and Taxes) level than in sales. Tod’s total revenues for the January-September period reached an impressive 828.4 million euros, slightly exceeding the 827 million euros forecasted in the analyst consensus.
Chairman and CEO Diego Della Valle celebrates the collective success of all Tod’s brands, citing double-digit growth driven by robust local demand and tourist purchases. Looking ahead, Tod’s CFO reveals that the sales trend in October mirrors that of the third quarter.
In a landscape rife with uncertainties, Tod’s emerges as a beacon of adaptability and resilience, navigating challenges while maintaining a robust growth trajectory.