Q1 growth of more than 20% for Tod’s
Footwear group Tod’s has reported sales revenues of €270.5 million for the first quarter of 2023, which represents growth of 23.2% year on year.
It said it had achieved strong growth across all of its brands, all product categories (Tod’s produces leathergoods too) and in all regions.
The Tod’s brand contributed €130.2 million towards the total and achieved growth in its own right of almost 25%.
Growth at the Roger Vivier brand was even higher, at more than 30%, taking revenues to €68.6 million.
Hogan achieved growth of 10% to contribute revenues of €56.8 million, while the group’s fourth brand, Fay, reported revenues of €14.2 million for the quarter, growth of 30%.
Chief executive, Diego Della Valle, described the group’s performance as excellent. He said the results confirmed “customers’ ever-increasing appreciation for the very high quality of our products, their craftsmanship and their Italian lifestyle”.
