|Bid||13.88 x 0|
|Ask||14.44 x 0|
|Day's range||13.62 - 14.40|
|52-week range||13.49 - 23.25|
|Beta (5Y monthly)||1.25|
|PE ratio (TTM)||21.74|
|Earnings date||08 Nov 2022|
|Forward dividend & yield||0.34 (2.50%)|
|Ex-dividend date||23 May 2022|
|1y target est||15.39|
Franchise agreements mean Russian partners continue to sell the merchandise, despite many major multinational retailers saying they would stop or suspend trading in Russia after Moscow sent tens of thousands of troops into Ukraine on Feb. 24. Russia has long been a market for luxury goods firms in Moscow and there has been no noticeable change in shopping habits in recent weeks.
The new boss of Salvatore Ferragamo aims to boost sales by revitalising its product offer, though the Italian luxury group said the war in Ukraine and the lingering pandemic in some areas meant it could not give an outlook for 2022. Marco Gobbetti, who became chief executive of Ferragamo in January after 4-1/2 years at British rival Burberry, said he planned to appoint a new creative director to inject "energy and newness" in the product range. "For sure growth is for me the overall priority," Gobbetti said in his first conference call with analysts since he took the role, adding he would give more details on his strategy in May when Ferragamo reports first-quarter results.
Sales at Italian luxury group Salvatore Ferragamo rose by 31.4% last year, in line with market expectations, although they are still far below pre-pandemic levels. Most luxury groups have already reached, if not exceeded, pre-COVID levels, showing the challenge facing Ferragamo's new Chief Executive Marco Gobbetti, who started at the Florentine group this month after 4-1/2 years at the helm of Burberry. The pandemic crisis hit just as family-owned Ferragamo strived to rejuvenate a brand famous for the shoes worn by Hollywood stars such as Audrey Hepburn.