|Bid||17.75 x 0|
|Ask||18.08 x 0|
|Day's Range||17.33 - 18.05|
|52 Week Range||10.61 - 20.13|
|Beta (5Y Monthly)||1.32|
|PE Ratio (TTM)||65.18|
|Earnings Date||Nov 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 20, 2019|
|1y Target Est||N/A|
The Italian shoemaker’s better-than-expected profits will soon need to be invested into marketing campaigns.
Eyes will be on the new phase of the Florence-based company, which is expecting the arrival of new CEO Marco Gobbetti and, most likely, the appointment of a new creative director.
However, revenues were still far from pre-COVID levels and the Florentine brand is counting on the arrival of Burberry Chief Executive Marco Gobbetti at the helm later this year to step up turnaround efforts that have so far struggled to yield results. Ferragamo, which has been hit harder than most rivals by the fallout of the coronavirus crisis due to its exposure to travel spending, said on Tuesday first-half sales grew by 46.2% at constant exchange rates to 524 million euros ($617 million). The trend is improving, however, as the month of July "is continuing to show a solid growth in revenues in directly operated stores in the United States, China, Korea and Latin America both versus 2020 and versus the same period of 2019", the company said.