Golden Goose achieves over €500m turnover
Apr 04, 2023
Finance
We have announced our full year results for the 12 months ended 31 December 2022, recording net revenues of €500.9 million in 2022, up 30% compared to 2021 and 88% compared to 2020. Growth was driven largely by the expansion and strong performance of the direct-to-consumer (DTC) channels in the Americas and EMEA.
FY2022 Key highlights:
- Sales up 88% since FY2020, driven by continued investment in DTC channels and obsessive focus on consumers, product and purpose
- Positive growth momentum across all geographies and channels
- Americas: 169% increase in revenues since 2020
- EMEA: 81% increase in revenues since 2020
- Asia Pacific: 16% increase in revenues since 2020
- Outstanding growth in DTC sales – up 188% over the last two years – and now accounts for 70% of total sales
- 100% YoY growth in customer retention globally and 5% growth in average spending, signalling growing community of customers
- Vertical integration of supply chain with acquisition of top supplier Italian Fashion Team
- Opening of three new Forward Stores as part of a commitment to a responsible future
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