Shares of the company that owns the Net-a-Porter and Yoox brands have soared. He's expecting a good year.

Shares of the Dutch company LuxExperience, a small-cap owner of the luxury online retailer Net-a-Porter and the online discounter Yoox, soared by nearly a quarter on September 16 on the New York Stock Exchange. The company reported quarterly revenue that exceeded Wall Street expectations and issued a promising outlook for the new fiscal year.

LuxExperience's American Depositary Receipts rose 23.2% on Wednesday on the New York Stock Exchange, reaching $8.81. This is the highest level since early May.

The company reported that its revenue in the fourth fiscal quarter (ended June 30) rose 6.1% year-over-year to €653.6 million. Wall Street had expected €643.9 million, according to investing.com.

All of the group’s divisions showed positive growth. For example, sales at the German online retailer Mytheresa jumped 8.1% year-over-year, and the combined Net-a-Porter and Mr. Porter showed positive growth for the first time since the acquisition. LuxExperience acquired these two brands and the online outlet Yoox in April 2025 from Richemont, paying for them with a 33% stake.

The United States has become the leading market for online luxury goods sales, said LuxExperience CEO Michael Kliger during a conference call with analysts (GuruFocus summarizes the key points). According to the executive, strong demand in Europe is being seen in Italy, Spain, Portugal, and Greece, while it has declined in France and Germany. Kliger also noted a recovery in demand in the Middle East and disappointing trends in China over the summer.

At the end of the past fiscal year, LuxExperience’s revenue declined by 0.6% to €2.47 billion. However, the forecast for fiscal year 2027 calls for growth in the mid-to-high single-digit range. The first quarter is nearly over, and its results are “very encouraging, providing a clear indication of a strong start to the fiscal year,” Kliger said during a conference call.

After fiscal year 2027, the group expects an average annual growth rate in net revenue of 10–15%, said Martin Bir, CFO of LuxExperience.

Since the beginning of the year, LuxExperience shares have risen by nearly 4%—taking into account the rally on September 16.

Wall Street remains cautious about the company's prospects: three analysts recommend holding its shares, and two recommend buying them. The average target price of $8.54 is below the latest closing price.