Ermenegildo Zegna Group reported a 2.5% year-on-year revenue increase to €458.8 million in the first quarter of fiscal 2026, surpassing analyst expectations. The growth was driven by strong direct-to-consumer sales across its brands. Shares in the company rose 5% following the announcement.
The luxury fashion group, which owns Zegna and Thom Browne and licenses Tom Ford Fashion, credited its performance to a retail-first strategy. Direct-to-consumer (DTC) revenues grew 7.8% and now account for 85% of total sales. “We entered 2026 with growing momentum across all brands,” executive chair Ermenegildo “Gildo” Zegna said in a statement. He highlighted contributions from all brands and markets to the DTC progress. By brand, Zegna led with a 5.9% rise to €310.3 million, fueled by double-digit growth in the Americas and EMEA regions. Thom Browne revenues fell 9.4% to €58.2 million, as wholesale declines offset DTC gains. Tom Ford Fashion saw a modest 0.4% increase to €67.5 million, boosted by Haider Ackermann’s Fall/Winter 2026 show. Regionally, the Americas shone with 9.6% growth to €137 million. EMEA dipped 0.8% to €152.9 million due to weak wholesale, while Greater China edged up 0.7% to €124 million and the rest of Asia-Pacific slipped 0.6% to €55.5 million. Zegna emphasized adaptability, stating, “Our ‘think slow, act fast’ mindset will continue to guide the group... as we pursue our vision with rigor.”