NYSE$ZGN

Ermenegildo Zegna NV · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Ermenegildo Zegna reported H1 2025 revenue of €927.7M with adjusted EBIT of €47.9M and adjusted EPS of €0.17.

Revenue was €927.7 million for the first half as Zegna and Thom Browne brands grew in luxury apparel. Adjusted EBIT was €47.9 million; adjusted EPS was €0.17. Direct-to-consumer expansion and Greater China trends remain key.

  • H1 revenue €927.7M.
  • Adjusted EBIT €47.9M; adjusted EPS €0.17.
  • Zegna and Thom Browne brand momentum.
  • China luxury demand and wholesale mix matter.

Headline financials

Total Revenue

€928M

Previous: €493M+88.3%
EPS (adj)

€0.17

Previous: €0.10+67.0%
Net Income

€47.9M

Previous: €23M+108.4%
Operating Income

€36.5M

Previous: €60.7M-39.8%
Gross Profit

€319M

Previous: €290M+9.9%

Revenue & EPS history

Zegna · Revenue · Quarterly

€928M

Q2 2024+88.3%vs Q2 2023
Beat estimate in 0 of 6 quarters(0%)
ActualEstimate

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 9 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-2.7%

Avg return

Earnings day

-5.9%

Avg return

5 days after

-10.8%

Avg return

30 days after

36%

4 / 11 earnings

Positive

+3.3%

Q3 2022

Best reaction

-10.6%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2024-10.6%-10.1%-3.4%
Q1 2024-0.5%-18.4%-16.0%
Q3 2023+1.1%-3.6%-19.7%
Q2 2023+0.4%-3.8%-12.7%
Q1 2023+0.4%-3.8%-12.7%
Q4 2022-1.4%-2.0%-1.8%
Q3 2022+3.3%+0.6%+2.6%
Q1 2022-6.2%-5.7%-8.6%
Q2 2022-6.2%-5.7%-8.6%
Q3 2021-4.9%-6.0%-18.8%
Q4 2021-4.9%-6.0%-18.8%
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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