Italian luxury sneaker maker Golden Goose reported revenues reached €173.2 million ($201.4 mm) in the first quarter, increasing 10 percent year over year.
Direct -to-consumer (DTC) revenues were up 19 percent year-over-year, representing 81 percent of sales, up from 76 percent a year ago. The gains were driven by double-digit same-store sales, expansion, and a “strong” digital performance.
Golden Goose’s directly-operated store network stood at 232 stores at the end of Q1. Growth was supported by the opening of the first Younique Café in Europe, in Milan’s Brera district; the launch of the “Frutteria Golden” in-store shop at Selfridges’ Corner Shop in London; the opening of a new flagship in Athens; and the re-opening of Beijing Taikoo Li South store, the brand’s biggest flagship store in the APAC region.
Wholesale sales were down 16 percent due to the “time-shift of deliveries in EMEA, more complex market dynamics in the U.S. wholesale channel and strategic downsize of South Korean e -retailers.”
By region, Americas’ sales were up 14 percent, supported by 20 percent DTC growth, mainly driven by same-store performance. The EMEA region saw 6 percent growth, with strong DTC performance despite Middle East sales being impacted by the conflict in Iran. APAC region sales climbed 17 percent, supported by 20 percent DTC growth, including double-digit same-store growth and expansion.
Adjusted EBITDA was €55.3 million, with a margin of 31.9 percent. Year-ago comparisons for EBITDA weren’t provided.
Silvio Campara, chief executive officer of Golden Goose Group, commented, “It’s been a strong start to 2026 for Golden Goose, with clear momentum across the business. In the first quarter, we delivered 10 percent revenue growth, we achieved strong performance across every region through our Direct -to-Consumer channel, now representing 81 percent of total revenues and the engine of our success. Our constant revenue growth clearly reflects the strength of our brand and of our community-driven approach, resonating with the next-gen luxury consumer.
“We continue to invest in the future of the brand: expanding our retail network, broadening the experiences we offer to our Dreamers, advancing our commitment to our people and responsible innovation.
“Looking ahead, we remain focused on what makes Golden Goose truly ‘younique’ – focusing on Co-creation, shared moments and personal authenticity, while strengthening our DTC model and bringing the Golden Goose experience to the world through creativity and passion.”
Image courtesy Golden Goose
