Salvatore Ferragamo SpA
SFER: XMIL (ITA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€1.70 | Ljpwj | Qkvmktfz |
Ferragamo: Sales Trends Remain Weak Toward the Lower End of Peers; Shares Fairly Valued
We are maintaining our fair value estimate for no-moat Ferragamo as the company reported weak first-quarter revenue, on the lower end of peers. Continuing weakness suggests that as a smaller player, Ferragamo is harder hit by the industry slowdown, and the appointment of Maximilian Davis’ collections have so far failed to improve brand appeal two years into his appointment.