Netherlands' LuxExperience Q4 sales rise as full-price focus boosts margins

By Reuters News


Overview

  • Netherlands digital luxury platform's Q4 net sales grew 7.6% ex-FX, profitability improved

  • Company cut SG&A cost ratio and posted positive cash flow from operations in Q4

  • LuxExperience authorized $50 mln ADR share repurchase program


Outlook

  • LuxExperience expects FY27 net sales to grow by +MSD% to +HSD%

  • Company targets FY27 adjusted EBITDA margin of around 2% to 3%

  • Mytheresa segment expected to deliver high single-digit to low double-digit net sales growth in FY27


Result Drivers

  • FULL-PRICE SALES FOCUS - Co said persistent focus on full-price sales drove gross margin improvement and net sales growth, especially at Mytheresa and NAP & MRP

  • COST DISCIPLINE - Co attributed improved profitability to transformation plan and reduced SG&A expenses, with SG&A cost ratio down 430bps in Q4 FY26

  • CUSTOMER ECONOMICS - Co reported strong growth in GMV per top customer and higher average order values across segments, supporting sales and profitability


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Gross Margin

49.70%


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