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MUNICH - LuxExperience B.V. (NYSE:LUXE) reported solid third quarter results, with revenue misisng analyst estimates on Wednesday.
The luxury multi-brand digital platform saw its shares gain 3.15% in pre-market trading following the earnings release.
For Q3 fiscal 2025, LuxExperience posted revenue of €242.5 million ($262.5 million), up 3.8% year-over-year and ahead of the consensus estimate of $246.07 million. However, the company reported a loss per share of €0.06 ($0.065), missing expectations for earnings of $0.03 per share.
Gross merchandise value (GMV) grew 3.8% to €261.3 million in the quarter. The company highlighted an "extraordinary" 17.9% increase in GMV per top customer. Average order value rose 8.8% to €753 on a last twelve months basis.
LuxExperience maintained strong profitability, with an adjusted EBITDA margin of 3.9% in Q3. Gross profit margin expanded 140 basis points year-over-year to 44.8%.
"The results of the third quarter demonstrate once again the strength of the Mytheresa business model," said CEO Michael Kliger. "Solid GMV growth, higher top customer spend, continued product margin expansion and strong profitability show the health and resilience of the Mytheresa business despite macro headwinds."
For fiscal 2025, LuxExperience now expects GMV and net sales growth at the lower end of its previous 7-13% guidance range, citing uncertainties around tariffs and customer sentiment. The company maintained its adjusted EBITDA margin forecast of 3-5%.
The acquisition of YOOX Net-A-Porter, which closed in April, is expected to add €300-350 million in net sales and an adjusted EBITDA loss of €20-30 million to LuxExperience’s fiscal 2025 results.
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