LuxExperience, behind YOOX and Net-a-Porter, leaps amid guidance for strong 2027
LuxExperience, the parent of YOOX, reported fiscal-2026 fourth-quarter results that exceeded expectations at the top line while missing on the bottom line / Photo: Facebook / Yoox
Shares of Dutch small cap LuxExperience, which owns online luxury retailer Net-a-Porter and online discounter YOOX, soared almost 25% on the New York Stock Exchange on Wednesday. The company reported quarterly revenue that beat Wall Street expectations and issued an upbeat forecast for the new fiscal year.
Details
LuxExperience American depositary receipts jumped 23.2% in New York on Wednesday to $8.81 apiece, their highest close since early May. The company reported that revenue for its fiscal fourth quarter, ended June 30, rose 6.1% year over year to EUR653.6 million. Wall Street had expected EUR643.9 million, writes Investing.com.
All of the group’s segments delivered growth. Sales at German online retailer Mytheresa jumped 8.1% year over year, while combined sales at Net-a-Porter and Mr Porter increased for the first time since their acquisition. LuxExperience acquired the two brands and online outlet YOOX from Richemont in April 2025 in exchange for a 33% stake.
The U.S. has become the key market for online luxury sales, LuxExperience CEO Michael Kliger said during an earnings call with analysts, highlights from which were published by GuruFocus. He reckons that demand in Europe is strong in Italy, Spain, Portugal, and Greece, while weakening in France and Germany. He also noted a recovery in demand in the Middle East and disappointing trends in China over the summer.
LuxExperience’s revenue for the full fiscal year fell 0.6% to EUR2.47 billion. For fiscal 2027, the company expects revenue to grow at a mid- to high-single-digit rate. The first quarter is almost over, and performance is “very pleasing, giving clear visibility into a strong start to fiscal-year 2027,” Kliger said during the earnings call. Beyond fiscal 2027, the management expects net sales to grow at a compound annual rate of 10-15%, LuxExperience CFO Martin Beer mentioned.
What analysts say
LuxExperience is up almost 4% year to date, including Wednesday’s rally. Wall Street generally remains cautious in its outlook: according to MarketWatch data, the stock has three “hold” ratings versus two “buy” calls. The average target price of $8.54 per share is below the last close.
