Golden Goose Soars With 13% Revenue Jump Driven by Direct Retail Expansion

Golden Goose has reported a robust financial performance for the first nine months of the year, achieving a significant 13% increase in revenue, which climbed to €517.1 million. The primary catalyst for this growth was the brand’s direct retail channel, which saw an impressive 21% surge in sales and contributed a substantial 79% to the net revenue. This success was further bolstered by strategic new store openings and strong double-digit organic growth across its operations.

The Italian luxury sneakers brand experienced double-digit sales increases across all regions as of September 30. Sales in both EMEA (Europe, Middle East, and Africa) and APAC (Asia-Pacific) regions grew by 15%, while the Americas region recorded a solid 10% uplift. Profitability remained strong, with adjusted EBITDA reaching €173.6 million, an increase of 7%, equating to a healthy 33.6% margin. Golden Goose also demonstrated excellent liquidity, generating a cash flow of €92 million. CEO Silvio Campara highlighted the brand's resilience and global resonance, stating, "Golden Goose recorded another quarter of double-digit growth across all regions, confirming the resilience of our business model and the brand’s global resonance. Looking ahead, [it] is well positioned to take co-creation to new levels, and continue to connect with our global Golden community."

Expanding its global footprint, Golden Goose now operates a total of 227 monobrand stores and concessions worldwide. The period saw the addition of 12 new locations, including significant openings in Tokyo, Chengdu, Hyundai Jungdong, Mumbai, Singapore Paragon, Manila, Ibiza, and Paraggi in Italy. The brand also ventured into new market segments with the inauguration of its first two children's stores, located in Milan and Dubai. Further enhancing its brand presence, November marked the opening of the Golden Goose Arena in Milan, designed by Novembre Studio, and the brand enlisted iconic actress Jane Fonda to lead the new campaign for its renowned Super-Star sneakers.