Research analysts who have asked questions during Ermenegildo Zegna earnings calls.
Anthony Charchafji
BNP Paribas
7 questions for ZGN
Adrien Duverger
Goldman Sachs
5 questions for ZGN
Also covers: BIRK
CH
Chris Huang
Morgan Stanley
5 questions for ZGN
OC
Oliver Chen
TD Cowen
4 questions for ZGN
Also covers: BJ, BRLT, COST +21 more
DN
Daria Nasledysheva
Bank of America
3 questions for ZGN
Bhumi Kanabar
Jefferies
2 questions for ZGN
CB
Chiara Battistini
JPMorgan Chase & Co.
2 questions for ZGN
Also covers: PPRUY
Louise Singlehurst
Goldman Sachs
2 questions for ZGN
Also covers: BIRK, CFRUY, PPRUY
KH
Kathryn Hallberg
TD Cowen
1 question for ZGN
Also covers: CPRI, RVLV
MG
Matthew Garland
Deutsche Bank
1 question for ZGN
Also covers: DUFRY
NS
Nicholas Sylvia
TD Cowen
1 question for ZGN
Also covers: LUXE, M
NS
Nicole Silvia
TD Cowen
1 question for ZGN
TN
Tom Nass
TD Cowen
1 question for ZGN
Recent press releases and 8-K filings for ZGN.
Ermenegildo Zegna Group Announces H1 2025 Revenues
ZGN
Earnings
Demand Weakening
Management Change
- Ermenegildo Zegna Group reported H1 2025 revenues of €927.7 million, a 3.4% year-on-year decrease (2.0% organic decrease), with Q2 2025 revenues at €468.9 million, down 5.7% year-on-year (2.6% organic decrease).
- The Group's Direct-to-Consumer (DTC) channel showed strong organic growth, with H1 2025 DTC revenues up 6.1% organically and Q2 2025 DTC revenues up 7.5% organically, driven by positive performance across all brands.
- Conversely, wholesale branded revenues declined significantly, down 26.5% organically in H1 2025 and 32.5% organically in Q2 2025, reflecting a strategic decision to reduce exposure in this channel.
- Geographically, the Americas outperformed with 9.8% organic revenue growth in Q2 2025, while the Greater China Region saw a significant organic decline of 17.1% in Q2 2025 due to a subdued consumer environment.
- In corporate news, Temasek invested in the Group, acquiring a 10% stake in the Company's ordinary share capital on July 29, 2025, and Sam Lobban was appointed CEO of Thom Browne, effective September 2, 2025.
Jul 30, 2025, 10:05 AM
Ermenegildo Zegna N.V. Announces AGM Voting Results and Dividend Approval
ZGN
Dividends
Proxy Vote Outcomes
- Ermenegildo Zegna N.V. announced that all resolutions submitted to its Annual General Meeting held on June 26, 2025, were adopted.
- This includes the approval of a dividend distribution of EUR 0.12 per ordinary share, corresponding to a total dividend distribution of approximately EUR 30 million.
- For ordinary shares listed on the New York Stock Exchange, the ex-date and record date for the dividend are July 7, 2025, with the payment date set for July 29, 2025.
Jun 27, 2025, 12:00 AM
Ermenegildo Zegna NV outlines growth strategy and 2027 targets
ZGN
Guidance Update
- ZEGNA FRIENDS program to drive growth, focusing on high-spend customers (>€10k) accounting for up to 80% of industry growth through 2027
- Personalization outreach generates >50% of ZEGNA retail revenues, with tailored communications and AI-enabled clienteling expanding service offerings
- Middle East direct-to-consumer revenues have grown >4x from 2019 to 2024 and network in the region is set to expand from 15 to ~20 stores
- Group confirms 2027 targets of €2.2–2.4 bn in revenues and €250–300 m in adjusted EBIT, with a 200–300 bps margin improvement goal
Jun 13, 2025, 6:00 AM
Ermenegildo Zegna NV Reports Q1 2025 Performance, Earnings & Strategic Initiatives
ZGN
Guidance Update
Product Launch
Earnings
Revenue Acceleration/Inflection
- Q1 2025 group revenues reached €459m (range: €458.8m–€459m), reflecting roughly a 1% YoY decline
- The Direct-to-Consumer (DTC) channel outperformed, achieving +5% organic growth and generating €345m in revenues, significantly supporting key brands
- Key strategic initiatives included new product launches (summer drop collection), planned mid-single digit pricing adjustments to offset a 10% tariff impact, and efforts to convert wholesale stores to DTC outlets
- The ZEGNA brand delivered +3% organic growth, while Thom Browne experienced notable declines (down 9% and down 19% organic )
- Geographically, the Americas enjoyed double-digit growth for Zegna, whereas the Greater China region faced a 12% decline amid a cautious approach, with early signs of retail recovery
- Several store openings for ZEGNA, Thom Browne, and TOM FORD FASHION enhanced brand visibility in key markets
Apr 24, 2025, 12:01 PM
Zegna to Report Q1 2025 Revenues
ZGN
Earnings
Revenue Acceleration/Inflection
- Ermenegildo Zegna Group will report its first quarter 2025 unaudited revenues on April 24, 2025, at 6:30 a.m. ET (12:30 p.m. CET).
- A conference call will follow at 8:00 a.m. ET (2:00 p.m. CET), with details for live webcast and dial-in provided.
- The announcement reinforces the Group’s position as a leading global luxury menswear company, having recorded €1.95 billion in revenues in 2024 and employing over 7,100 people.
Apr 14, 2025, 12:00 AM
Ermenegildo Zegna 2024 Annual & Q4 Results, Strategic Outlook and Report Filing
ZGN
Earnings
Dividends
Revenue Acceleration/Inflection
Guidance Update
New Projects/Investments
- Full Year 2024: Revenues of €1,947M, Adjusted EBIT of €184M and profit of €91M
- Q4 2024 Highlights: Consolidated revenues of €589M with a 3% YoY increase; ZEGNA brand delivered €353M with 7% organic growth
- Strategic Outlook: 2025 guidance is cautious with low single-digit growth, planned CapEx of 6%-7%, cost control measures, and a focus on strengthening DTC channels and refining the product assortment
- Filed annual report on Form 20-F for the fiscal year ended December 31, 2024, as disclosed in the 6-K report dated March 27, 2025, under the oversight of COO and CFO Gianluca Ambrogio Tagliabue
- Confirmed dividend of €0.12 per ordinary share and announced strategic investments in talent, store network, and marketing
- Brand Performance: Thom Browne at €95M (-3% organic) and TOM FORD FASHION at €101M (+4% organic)
- Market Expansion: Leveraging key markets in EMEA, the Americas, and Japan to drive future growth
Mar 27, 2025, 12:00 AM
Ermenegildo Zegna N.V. FY24 & Q4 2024 Earnings, Brand Strategy, and Sustainability Update
ZGN
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- FY24 Consolidated Performance: Reported Group revenues of €1,947m (up 2.2% YoY) with Q4 revenues of €589m (up 3%-3.3% YoY and +4% in constant currency)
- ZEGNA Brand Strength: The ZEGNA brand delivered strong Q4 results with €353m in revenue and +7% organic growth driven by robust Direct-to-Consumer initiatives
- Premium Lines Performance: THOM BROWNE reported €95m (-3% organic) while TOM FORD FASHION achieved €101m (+4% organic) supported by enhanced DTC efforts
- DTC & Retail Momentum: Strong Direct-to-Consumer performance across key regions—including EMEA, Americas, Japan, North America, and the Middle East—and strategic new store launches are propelling growth
- Strategic Investments: Significant brand-focused investments in talent, merchandising, and technology were announced, with comprehensive financial results to be released in March
- Sustainability Initiatives: Commitment to sustainability with 98% renewable electricity in Europe and proactive supplier management underlines the company’s environmental focus
Jan 27, 2025, 12:00 AM
Quarterly earnings call transcripts for Ermenegildo Zegna.
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