

Zegna reported 8.9% revenue growth in Q3, outperforming consensus despite a challenging luxury market. The core Zegna brand delivered 18.2% DTC growth despite four net store closures, pointing to better sales productivity. Tom Ford Fashion is improving, while Thom Browne remains weak. Our Buy thesis does not depend on a recovery at either brand.

Ermenegildo Zegna NYSE: ZGN reported third-quarter 2026 revenue of €434 million, up 8% organically from the prior-year period, as direct-to-consumer growth across all regions offset pressure in parts of its wholesale operations and a more difficult consumer backdrop in Greater China for Thom Browne.

Ermenegildo Zegna N.V. (ZGN) Q3 2026 Sales/Trading Call Transcript

MILAN--(BUSINESS WIRE)--Ermenegildo Zegna N.V. (NYSE:ZGN) (the “Company” and, together with its consolidated subsidiaries, the “Ermenegildo Zegna Group” or the “Group”) today announced unaudited revenues of €1,421.1 million in the first nine months of 2026, up 7.2% YoY from €1,325.9 million in the same period of 2025 (+8.9% organic). In the third quarter, revenues reached €433.8 million, +8.9% YoY (+8.2% organic). Ermenegildo “Gildo” Zegna, Executive Chairman of the Ermenegildo Zegna Group, com.

On October 16, 2026, Ermenegildo Zegna NV (ZGN) shares fell 3.3% to $12.91, a significant decline that reflects the stock's performance amidst a volatile market

Investors interested in Retail - Apparel and Shoes stocks are likely familiar with Urban Outfitters (URBN) and Ermenegildo Zegna N.V. (ZGN). But which of these two stocks offers value investors a better bang for their buck right now?

Investors with an interest in Retail - Apparel and Shoes stocks have likely encountered both Urban Outfitters (URBN) and Ermenegildo Zegna N.V. (ZGN). But which of these two stocks presents investors with the better value opportunity right now?

Investors interested in Retail - Apparel and Shoes stocks are likely familiar with Urban Outfitters (URBN) and Ermenegildo Zegna N.V. (ZGN). But which of these two stocks is more attractive to value investors?