$MC (+3,19 %) presented its quarterly figures and fell short of expectations.
Sales (expected): EUR 19.44 billion
Turnover (reported): EUR 19.12 billion
Not only did this fall short of expectations for the first quarter of 2026, but reported revenue was also around 6% lower than in the previous year, while it remained largely stable when adjusted for exchange rate effects.
The reasons for the weaker performance are complex. Firstly, demand in the important Fashion & Leather Goods segment fell short of expectations. In China in particular, consumer momentum remains subdued. Secondly, geopolitical uncertainties such as the Iran conflict are weighing on global consumer sentiment in the luxury segment. Currency effects and an overall more cautious consumer attitude in the premium segment are also acting as a headwind.
It is particularly critical to note that the core business, which normally acts as a growth driver, continues to show weaknesses.
The reaction on the stock market was immediate.
In after-hours trading, the $MC (+3,19 %) under significant pressure, showing that the figures were received negatively despite already subdued expectations. Apparently, the market had expected weakness, but not to this extent.
~ No investment advice ~
