Zegna posts 8.9% revenue growth in Q3, boosts 2026 EBIT forecast to €200M amid strong core brand sales.

Zegna reported an 8.9% revenue increase in the third quarter, surpassing market expectations despite challenges in the luxury sector. The core Zegna brand showed strong direct-to-consumer sales growth of 18.2%, even with four net store closures, indicating improved sales efficiency. While Tom Ford Fashion is showing signs of recovery, Thom Browne remains weak, though the positive outlook does not depend on these brands. The company raised its 2026 EBIT forecast to €200 million, supported by stronger sales and operating leverage, with a valuation offering about 17% upside potential.

Ermenegildo Zegna shares trade at USD 13.48 on Pluang as of Oct 25, 2026, 17:51 WIB, down 2.67% in one day. The stock's market cap is $3.62 billion, with a 52-week high of $15.25 and low of $8.69. Despite recent gains in revenue and sales efficiency, the share price shows some short-term pullback.