Sales at Ferragamo down 17% in first quarter
MILAN, May 9 (Reuters) -Sales at Italian luxury group Salvatore Ferragamo SFER.MI fell 16.6% at constant exchange rates in the first quarter, the company said on Thursday.
"Over the quarter, our performance was impacted by continued volatility in the Chinese market, as well as a persisting weakness in wholesale and travel retail, further compounded by an unfavourable comparison", Chief Executive Marco Gobbetti said in a statement.
Revenues totalled 227 million euros ($244.5 million), below analyst expectations of 237 million euros according a LSEG consensus.
($1 = 0.9286 euros)
Reporting by Elisa Anzolin, editing by Gianluca Semeraro
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