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Ermenegildo Zegna N.V.

Ermenegildo Zegna N.V.

NYSE•ZGN
CEO: Mr. Ermenegildo Zegna di Monte Rubello
Sector: Consumer Cyclical
Industry: Apparel - Manufacturers
Listing Date: 2021-12-20
Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances. The company also offers luxury womenswear and childrenswear under the Thom Browne brand, as well as provides eyewear, cufflinks and jewelry, watches, underwear, and beachwear manufactured by third parties under licenses. It serves customers through its retail stores and online channels in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. The company was founded in 1910 and is based in Trivero, Italy. Ermenegildo Zegna N.V. operates as a subsidiary of Monterubello Societa' Semplice.
Contact Information
Viale Roma 99/100, Valdilana loc., Trivero, BI, 13835, Italy
39-01-575911
www.zegna.com
Market Cap
$2.44B
P/E (TTM)
21.7
29.3
Dividend Yield
1.5%
52W High
$11.08
52W Low
$6.05
52W Range
71%
Rank31Top 21.6%
5.0
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Average • 5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2025

Financial Dashboard

Q2 2025 Data

Revenue

$1.01B-3.38%
4-Quarter Trend

EPS

$0.19+70.00%
4-Quarter Trend

FCF

$69.56M-12.22%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Total Revenue Growth Total revenues reached €1.95B in 2024, up 2.2% based on currency impact; organic growth declined 1.9% versus prior year.
Gross Margin Expansion Gross margin improved to 66.6% in 2024 from 64.3% in 2023, driven by higher proportion of DTC sales mix across segments.
DTC Channel Revenue Share DTC channel generated €1.39B, capturing 77.6% of branded product revenues, reflecting successful channel strategy execution globally.
Profitability Under Pressure Net profit decreased to €90.9M in 2024 from €135.7M in 2023, impacted by higher SG&A expenses following recent acquisitions.

Risk Factors

Internal Control Deficiencies Noted Material weaknesses in internal control over financial reporting persist, especially related to Tom Ford Fashion integration processes and COSO components.
Greater China Market Slowdown Greater China Region revenue contracted 14.5% due to challenging local luxury sector conditions and consumer confidence dips impacting all brands.
Brand Integrity and Appeal Risk Success depends on brand recognition; failure to adapt to evolving consumer preferences risks material loss of brand appeal and reputation.
Geopolitical and Supply Chain Volatility Ongoing geopolitical tensions and sanctions pose risks to supply chain stability and overall global economic demand for luxury goods.

Outlook

Continued DTC Network Investment Group intends to reinforce DTC distribution channel, expanding store network and enhancing sophisticated customer relationship management globally.
New Luxury Production Facility Plans new luxury footwear and leather goods production facility in Sala Baganza, Italy, expected completion by the end of 2026.
Brand Strategy Reinforcement Nurturing ZEGNA as menswear reference while expanding Thom Browne and TOM FORD FASHION growth in womenswear and leather goods.
Dividend Policy Maintained Target payout ratio remains 25% to 30% of profit attributable to Parent Company shareholders, subject to Board approval each year.

Peer Comparison

Revenue (TTM)

Sonic Automotive, Inc.SAH
$15.18B
+9.1%
Victoria's Secret & Co.VSCO
$6.39B
+3.0%
American Eagle Outfitters, Inc.AEO
$5.34B
-1.2%

Gross Margin (Latest Quarter)

Ermenegildo Zegna N.V.ZGN
67.5%
+1.1pp
Capri Holdings LimitedCPRI
61.0%
-3.3pp
Columbia Sportswear CompanyCOLM
50.0%
-0.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
VSCO$4.80B28.426.1%62.1%
AEO$4.09B19.613.0%47.0%
SHOO$3.31B57.36.6%27.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-2.2%
Flat Growth
4Q Net Income CAGR
-16.8%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Mar 26, 2026
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EPS:-
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Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 27, 2025|
    Revenue: $2.11B+2.2%
    |
    EPS: $0.34-35.4%
    Beat

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 5, 2024|
    Revenue: $2.06B+27.6%
    |
    EPS: $0.52+118.2%
    Beat

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 6, 2023|
    Revenue: $1.57B+15.5%
    |
    EPS: $0.23+132.8%
    Miss

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 6, 2022|
    Revenue: $1.46B+26.7%
    |
    EPS: $-0.76-219.0%
    Miss

  • Form 20-F - FY 2021

    Period End: Dec 17, 2021|Filed: Dec 23, 2021|Refer to amended data