LuxExperience Reports Growth in NET-A-PORTER and MR PORTER Sales
LuxExperience (NYSE:LUXE) reported that combined net sales for its luxury e-commerce platforms, NET-A-PORTER and MR PORTER, reached €273.9 million in the fiscal fourth quarter ended June 30, 2026, representing a 4.3% year-over-year increase. This growth was driven by an average order value that rose to €885, up 9.1%, and improved gross margins due to reduced discounting and full-price selling strategies. Despite the sales recovery, concerns remain about customer retention as trailing active customers declined by 11.1% year-over-year to approximately 828,000, while orders shipped fell 11.7%. The fourth-quarter gross margin also dropped slightly compared to last year despite a full-year improvement of 170 basis points. Positive operating cash flow in the quarter is encouraging but must be sustained through a complete trading cycle for confidence in the turnaround strategy.
Topics: customer behavior financial performance luxury retail