Q3 FY26 Results: LuxExperience Group Reports Positive Adjusted EBITDA Profitability for the Second Consecutive Quarter, Confirming Full Fiscal Year 2026 Guidance as Transformation Plan Is Fully on Track

KEY HIGHLIGHTS FOR THE THIRD QUARTER ENDED MARCH 31, 2026 Stable top-line development of LuxExperience Group with reported Net Sales at €618.4 million1 stable +0.0% on a constant currency basis (-5.2% reported) vs. Q3 FY 25 despite geopolitical headwinds in Q3 FY26 Second consecutive quarter of Adjusted EBITDA profitability on Group level with an Adjusted EBITDA margin of +0.9% in Q3 FY26 Results confirm our full FY26 guidance, and medium-targets of €4bn Net Sales and 7-9% Adjusted EBITDA margin Strong Net Sales Growth for Mytheresa of +9.9% on a constant currency basis to reported €256.0 million (+5.6% reported) with Adjusted EBITDA increasing +50.4% vs. Q3 FY 25 to a 5.5% Adjusted EBITDA margin Clear impact of transformation plan with Group Adjusted SG&A cost ratio decreasing by 360bps from 21.9% in Q1 and 19.1% in Q2 to now 18.3% in Q3 FY26 Strong Cash position and balance sheet: Cash and cash investments of €436.1 million and balance sheet debt-free at the end of Q3 FY26 MUNICH--(BUSINESS WIRE)--LuxExperience B.V. (NYSE:LUXE) (the “Company”), today announced its financial results for its third quarter of fiscal year 2026 ended March 31, 2026. The leading luxury multi-brand digital platform reported continued profitability on adjusted EBITDA level for the second consecutive quarter with significant improvements on many KPIs across all three business segments underlining the successful execution of our transformation plan. Mytheresa business continues to outpace the market in terms of growth and further improved its profitability despite geopolitical headwinds in March. NET-A-PORTER and MR PORTER show further improvements driven by the new strategic focus on customer service, full-price selling and cost discipline. Our strategy of focusing on the healthy core of the YOOX business and the good progress in implementing a leaner operating model continues to show clear improvements for YOOX. Michael Kliger, Chief Executive Officer of LuxExperience, said, “We are very pleased with the results of the third quarter. LuxExperience achieved positive Adjusted EBITDA profitability as a Group for the second consecutive quarter and significant improvements on many KPIs across all three business segments underline the successful execution of our transformation plan.” Kliger continued, “Mytheresa achieved strong profitable growth despite geopolitical headwinds in March. NET-A-PORTER and MR PORTER as well as YOOX showed further sequential improvements, fully in line with our ongoing transformation plan for both segments. We are fully on track to achieve our guided results for the full fiscal year 2026. LuxExperience is the clear digital multi-brand leader for luxury enthusiasts globally, and we are perfectly positioned to benefit from the sustained growth of digital luxury and the ongoing consolidation within the sector.” LUXEXPERIENCE FINANCIAL HIGHLIGHTS FOR THE THIRD QUARTER ENDED MARCH 31, 2026 (illustrative) Amounts in € million are reported figures unless stated otherwise Stable Net Sales of +0.0% ex-FX (-5.2% reported) compared to the prior year quarter at reported €618.4 million GMV growth of +0.3% ex-FX (-4.9% reported) compared to the prior year quarter at reported €653.7 million Group Adjusted SG&A cost ratio decreasing by 360bps from 21.9% in Q1 and 19.1% in Q2 to now 18.3% in Q3 FY26 Second consecutive quarter with positive Adjusted EBITDA of €5.7 million with an Adjusted EBITDA margin of +0.9% Strong cash position with cash and cash investments of €436.1 million and balance sheet debt-free LUXURY | MYTHERESA FINANCIAL HIGHLIGHTS FOR THE THIRD QUARTER ENDED MARCH 31, 2026 Amounts in € million are reported figures unless stated otherwise Net Sales increase of +9.9% ex-FX (+5.6% reported) year over year to reported €256.0 million GMV growth of +11.3% ex-FX (+7.0% reported) year over year to reported €279.6 million Gross Profit margin of 47.1%, an increase of 240bps year over year Strong Adjusted EBITDA growth of +50.4% at €14.1 million vs. €9.3 million in Q3 FY25 and an Adjusted EBITDA margin of 5.5% in Q3 FY26 as compared to 3.9% in the prior year period LUXURY | NAP & MRP FINANCIAL HIGHLIGHTS FOR THE THIRD QUARTER ENDED MARCH 31, 2026 (illustrative) Amounts in € million are reported figures unless stated otherwise Net Sales decrease of -5.1% ex-FX (-11.7% reported) year over year to reported €231.6 million GMV decrease of -5.2% ex-FX (-11.8% reported) year over year to reported €243.4 million Strong increase in Gross Profit margin by 700bps to 48.5% in Q3 FY26 as compared to 41.6% in Q3 FY25 Only slightly negative Adjusted EBITDA of -€1.1 million in Q3 FY26 with an Adjusted EBITDA margin of -0.5% as compared to -1.7% in the prior year period OFF-PRICE | YOOX FINANCIAL HIGHLIGHTS FOR THE THIRD QUARTER ENDED MARCH 31, 2026 (illustrative) Amounts in € million are reported figures unless stated otherwise Net Sales decrease of -7.4% ex-FX (-11.4% reported) year over year to reported €130.7 million GMV decline of -8.9% ex-FX (-12.9% reported) year over year to reported €130.7 million Strong increase in Gross Profit margin by 620bps to 37.5% in Q3 FY26 as compared to 31.3% in the prior year period Significant improvement in Adjusted EBITDA with -€7.2 million in Q3 FY26 with an Adjusted EBITDA margin of -5.5% as compared to -17.3% in Q3 FY25 LUXURY | MYTHERESA KEY BUSINESS HIGHLIGHTS Launch of exclusive capsule collections and pre-launches in collaboration with Alaia, Balenciaga, Bottega Veneta, Chloe, Gucci, Loewe, Saint Laurent, Phoebe Philo and many more Impactful top customer events and “money-can’t-buy” experiences, including Khaite in New York, Gianvito Rossi in Florence, and an industry cocktail in Shanghai Stable GMV per top customer of -1.5% but increase of top customer numbers of +18.6% in Q3 FY26 and increase in Average Order Value (AOV) LTM to €847, a 12.5% (reported) increase vs. Q3 FY25 Industry-leading Net Promoter Score of 86.8 in Q3 FY26, up 80bps vs. the prior year period LUXURY | NAP & MRP KEY BUSINESS HIGHLIGHTS(1) NET-A-PORTER and MR PORTER driving customer engagement through uniquely engaging editorial content and unique EIP experiences NET-A-PORTER hosted an exclusive three-day winter experience for VIPs, tastemakers and EIPs in the newly opened One & Only resort in Big Sky, Montana, a dinner with Willy Chavarria to celebrate NYFW and a private tour of Jonathan Anderson´s brand-new JW boutique during LFW; launch of The Spring Summer 26 Campaign ‘Le Virage’, celebrating the new season´s key fashion with over 64m global media reach MR PORTER featured Hollywood icons Jon Hamm and Kit Harington in the MR PORTER Journal; Jon Hamm's story reached 2.4m views on IG; Video story about Danish brand NN07 reached 5m views; hosting global EIP events such as a 2-day immersive style suite in Hong Kong, a dinner with George Cleverley in Miami and an intimate lunch with Paul Smith in London; launch of a 48-piece exclusive capsule with Brunello Cucinelli Stable GMV per top customer of -1.4% and increase in Average Order Value (AOV) LTM to €865 in Q3 FY26, a 7.9% (reported) increase vs. Q3 FY25 Net Promoter Score significantly up 890bps to now 68.1 in Q3 FY26 OFF-PRICE | YOOX KEY BUSINESS HIGHLIGHTS(1) YOOX revealing a new visual identity & tone of voice, driving strong early media resonance Key cultural moments including Milan Fashion Week, Milan Design Week and Berlinale in Berlin leveraged to create memorable experiences by YOOX signaling the brand’s rebirth Growth in GMV per top customer of +1.3% and increase in Average Order Value (AOV) LTM to €247, a 1.7% (reported) increase vs. Q3 FY25 Net Promoter Score of 48.8 in Q3 FY26 significantly up vs. 36.1 LY (1) Comparative periods to April 23, 2025 are shown on an illustrative basis GROUP KEY BUSINESS HIGHLIGHTS Partial workforce reduction in connection with the transformation plan across several sites completed On track process of commerce platform migration for NET-A-PORTER and MR PORTER Separation of ex-YNAP Luxury and Off-price businesses almost fully completed Sale of the assets powering THE OUTNET successfully completed SALE OF ASSETS POWERING THE OUTNET On April 30, 2026, LuxExperience B.V. successfully closed the sale of the set of assets powering THE OUTNET platform to The O Group LLC (which has been renamed The Outnet Operations US, LLC). The completion of the transaction follows the binding agreement announced on October 31, 2025 and the fulfillment of all conditions, including receipt of all unconditional approvals from the relevant regulatory authorities. CONFIRMED GUIDANCE For the full fiscal year ending June 30, 2026, we confirm our guidance for the top- and bottom-line: GMV €2.5 billion to €2.7 billion and an Adjusted EBITDA margin between -1% to +1% The foregoing forward-looking statements reflect LuxExperience’s expectations as of today's date. Given the number of risk factors, uncertainties and assumptions discussed below, actual results may differ materially. LuxExperience does not intend to update its forward-looking statements until its next quarterly results announcement, other than in publicly available statements. CONFERENCE CALL AND WEBCAST INFORMATIONRead the full story here

Q3 FY26 Results: LuxExperience Group Reports Positive Adjusted EBITDA Profitability for the Second Consecutive Quarter, Confirming Full Fiscal Year 2026 Guidance as Transformation Plan Is Fully on Track

Інші новини компанії