Ermenegildo Zegna Reports Q2 2026 Earnings with Strategic Shifts and Outlook
Ermenegildo Zegna N.V. reported strong performance in its core brands during the second quarter of 2026, driven by a shift toward direct-to-consumer (DTC) sales that now account for 86% of branded revenue. This transition has supported higher gross margins despite currency headwinds and is central to Zegna's 'high-quality growth' strategy in key markets like China. Thom Browne continues its transformation from a wholesale-driven model, with management projecting breakeven EBIT by the end of 2026. TOM FORD Fashion showed improved cost absorption through revenue growth but remains slightly negative for the full year. The group confirmed EUR 2.2 billion in revenue and EUR 250 million adjusted EBIT guidance for 2027, though at a lower range than initially expected. The company is investing heavily in its integrated Italian supply chain ('Filiera'), including new production facilities to support long-term capabilities.
Tickers: $ZGN
Topics: DTC model fashion financial guidance retail strategy supply chain investment