Salvatore Ferragamo Expected to Have 3Q Revenue, Earnings Impetus -- Market Talk
Salvatore Ferragamo Expected to Have 3Q Revenue, Earnings Impetus -- Market Talk
1200 GMT - Salvatore Ferragamo should have a top- and bottom-line performance pickup in 3Q, keeping the Italian luxury-goods firm on track to meet full-year consensus estimates, Equita Sim's Paola Carboni says ahead of November's update. Quarterly sales should come in at EUR257 million, around 5% lower than 3Q 2019 on an organic and like-for-like basis, representing a sharp acceleration from the 23% gap booked in 2Q as Europe sales offset Asian weakness. Similarly, the operating margin should be wider on a two-year stack sequentially thanks to better operating leverage, Equita predicts. While the company continues to lag peers, "we remain confident on the medium-term recovery potential that will be entrusted to the new CEO [Marco] Gobbetti from January," Carboni says. (joshua.kirby@wsj.com; @joshualeokirby)
格林威治時間1200GMT-Equita Sim的Paola Carboni在11月更新之前表示，菲拉格慕第三季度的業績應該會出現頂線和底線的回升，使這家意大利奢侈品公司保持在達到全年共識預期的軌道上。季度銷售額應為2.57億歐元，在有機和可比基礎上比2019年第三季度下降約5%，較第二季度23%的缺口大幅加快，因為歐洲的銷售額抵消了亞洲的疲軟。Equita預測，同樣，得益於更好的運營槓桿，兩年期協議的運營利潤率應該會按順序擴大。雖然該公司繼續落後於同行，但“我們仍對將委託給新任首席執行官的中期復甦潛力充滿信心。[馬可]1月份的戈貝蒂，“Carboni説。(joshoa.kirby@wsj.com；@joshoaleokirby)
譯文內容由第三人軟體翻譯。