“Our performance shows the power of our determination, innovation and ambition… Against a backdrop of headwinds in the luxury sector, we are committed to sustaining our momentum by enhancing the shift from marketing to experience by putting our customers and community at the centre. I am confident that this will carry us from strength to strength in the future”, commented Silvio Campara, Chief Executive Officer at Golden Goose Group.

Golden Goose has reported net revenue of 466 million euros for the first nine months of 2024, marking a 12% increase as compared to the same period last year. This growth was driven by the strong performance of its Direct-to-Consumer (DTC) segment, which saw an 18% increase in net revenue year-over-year, accounting for 74% of the company’s total revenue, up from 71% in 2023.

DTC growth in these nine months was led by a 20% rise in retail revenue, bolstered by new store openings and mid-single-digit like-for-like performance. The EMEA region contributed significantly to this performance with a 37% increase in DTC revenue, followed by a 14% rise in the Americas compared to the same period last year. Digital sales also performed well, supported by strong traffic, highlighting the brand’s digital engagement with consumers.

Nine-month wholesale revenue, in contrast, declined by 4% year-over-year, amounting to 110.4 million euros and accounting for 24% of total net revenue. This decrease aligns with Golden Goose’s strategy to refine its distribution network, maintaining the exclusivity and quality of the brand while prioritising the DTC channel.

Geographically, EMEA was the largest contributor to the total revenue, which accounted for 49% of net revenues in the period, followed by the Americas at 38% and APAC at 13%. The company’s third-quarter performance was consistent with the growth trajectory in the first half of the year, with a net revenue increase of 12% compared to the same period last year.