Ermenegildo Zegna N.V. (ZGN) Reports Q3 results; Offers Guidance

Ermenegildo Zegna N.V. (NYSE: ZGN) reported Q3 Revenue for the quarter came in at $356.87 million versus the consensus estimate of $382.83 million.

GUIDANCE:

In light of the Group’s robust performance during the first nine months of 2022, and despite the continued volatility in the Greater China Region, the Group is confirming its full-year revenue guidance of mid-teens growth. We continue to anticipate solid improvement in our Adjusted EBIT3 despite the step-up in marketing and central costs, and the unfavorable country mix that may affect our margin. We also continue to expect a Cash Surplus3 increase in the second half of the year. This outlook assumes no further escalation or geographic extension of the war in Ukraine, no further significant macroeconomic deterioration, and a continuing uncertainty linked to the COVID-19 pandemic in the Greater China Region, and no other unforeseen events.

For earnings history and earnings-related data on Ermenegildo Zegna N.V. (ZGN) click here.

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