Ferragamo Shares Flop at Open as Sales Remain Sluggish -- Market Talk
Ferragamo Shares Flop at Open as Sales Remain Sluggish -- Market Talk
0849 GMT - Shares in Salvatore Ferragamo slide in opening trade Wednesday after the Italian luxury-goods company again failed to pick up the pace of recovery in its third-quarter print. Nine-month revenue remains substantially below the same period of 2019, and while margins are impressively robust, the top line remains Ferragamo's weakness, analysts at Jefferies say. Specific areas of concern are a lack of momentum in Asia, an unfavorable channel mix and a failure for the core product categories to lead from the front, the bank says. "We continue to think Ferragamo has a product problem," the bank adds, keeping a hold rating and EUR18 target on the stock. Shares trade 6.7% lower at 18.63.(joshua.kirby@wsj.com; @joshualeokirby)
格林尼治標準時間0849分——薩爾瓦多·菲拉格慕的股價在週三開盤交易中下滑，此前這家意大利奢侈品公司在第三季度再次未能加快復甦步伐。傑富瑞分析師表示，九個月的收入仍大大低於2019年同期，儘管利潤率強勁令人印象深刻，但收入仍然是菲拉格慕的弱點。該銀行表示，具體的擔憂領域包括亞洲缺乏動力、不利的渠道組合以及核心產品類別未能從正面領先。該銀行補充說：“我們仍然認爲菲拉格慕存在產品問題，” 該銀行維持了該股的持有評級和 EUR18 目標。股價下跌6.7％，至18.63。(joshua.kirby@wsj.com; @joshualeokirby)
譯文內容由第三人軟體翻譯。