Netherlands' LuxExperience Q4 sales rise as full-price focus boosts margins
MYTE•Outlook
- LuxExperience expects FY27 net sales to grow by +MSD% to +HSD%
- Company targets FY27 adjusted EBITDA margin of around 2% to 3%
- Mytheresa segment expected to deliver high single-digit to low double-digit net sales growth in FY27
Overview
- Netherlands digital luxury platform's Q4 net sales grew 7.6% ex-FX, profitability improved
- Company cut SG&A cost ratio and posted positive cash flow from operations in Q4
- LuxExperience authorized $50 mln ADR share repurchase program
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q4 Mytheresa Gross Margin | 49.7% |
Result Drivers
- FULL-PRICE SALES FOCUS - Co said persistent focus on full-price sales drove gross margin improvement and net sales growth, especially at Mytheresa and NAP & MRP
- COST DISCIPLINE - Co attributed improved profitability to transformation plan and reduced SG&A expenses, with SG&A cost ratio down 430bps in Q4 FY26
- - Co reported strong growth in GMV per top customer and higher average order values across segments, supporting sales and profitability
