Golden Goose H1 revenue growth driven by D2C momentum

Italian luxury footwear label Golden Goose Group has recorded a 15 percent revenue increase for the first six months ended June 30, 2026. Net revenues reached 380.4 million euros (439.5 million dollars), driven by momentum in its direct-to-consumer (D2C) channels. Adjusted EBITDA grew 9 percent YoY to 122.9 million euros, maintaining an adjusted EBITDA margin of 32.3 percent. Gross margin reached 75.8 percent.

In the second quarter of 2026, net revenues accelerated with a 19 percent year-over-year (YoY) increase. D2C net revenues reached 309.6 million euros, marking a 22 percent growth YoY and accounting for 81 percent of total revenues. Wholesale revenues experienced a 6 percent decline across the first six months, though returned to positive growth of 5 percent in the second quarter.

"We are pleased to deliver another set of strong results for Golden Goose, with revenues growing 15% in the first half and accelerating further in the second quarter, demonstrating sustained momentum," said Golden Goose chief executive officer Silvio Campara.

D2C model drives global expansion

The group reported double-digit performance across all operating regions. Sales in the Americas rose 18 percent, supported by D2C growth of 22 percent. The Asia-Pacific region recorded 17 percent growth, while Europe, Middle East and Africa (EMEA) grew 14 percent.

By the end of June 2026, the brand operated 230 directly operated stores. Recent retail initiatives included new store openings in Athens, Rome Kids, and Istanbul, alongside experimental concepts like the Younique Caffé in Milan.

During the second quarter, investment firm HSG became the majority shareholder in Golden Goose. Temasek joined as a minority investor, while private equity firm Permira retained a strategic stake in the business.