Italian luxury sneaker maker Golden Goose has released its results for the first quarter of fiscal year 2026 ended March 31, 2026: driven by continued strong momentum in its direct-to-consumer (DTC) channel and the advantages of its community-driven operating model, net revenue increased by 10% year-on-year to €173.2 million, with the Asia-Pacific region up 17%.
Adjusted EBITDA for the first quarter reached €55.3 million, with an adjusted EBITDA margin of 31.9%.
Group CEO Silvio Campara stated that “It’s been a strong start to 2026 for Golden Goose, with clear momentum across the business. In the first quarter, we delivered 10% revenue growth and achieved strong performance across every region through our Direct-to-Consumer channel, which now represents 81% of total revenues and is the engine of our success. Our constant revenue growth clearly reflects the strength of our brand and our community-driven approach, resonating with the next-gen luxury consumer.
We continue to invest in the future of the brand: expanding our retail network, broadening the experiences we offer to our Dreamers, advancing our commitment to our people and responsible innovation.
Looking ahead, we remain focused on what makes Golden Goose truly “younique” – focusing on Co-Creation, shared moments and personal authenticity, while strengthening our DTC model and bringing the Golden Goose experience to the world through creativity and passion.”
Despite headwinds across the broader industry, direct-to-consumer revenue grew by 19% year-on-year this quarter. Physical stores remained the primary growth driver, supported by double-digit same-store sales and network expansion, while online channels performed in line with brick-and-mortar.
In the wholesale segment, total revenue declined by 16% year-on-year, impacted by shipment timing adjustments in Europe, the Middle East and Africa (EMEA), a more complex wholesale environment in the United States, and the Group’s strategic reduction of partnerships with online retailers in South Korea.
All regions recorded strong revenue growth:
- The Americas: revenue increased by 14% year-on-year, with direct-to-consumer revenue up 20%, mainly driven by improved same-store sales;
- Europe, the Middle East and Africa: revenue rose 6% year-on-year. Sales in the Middle East were affected by the situation in Iran in March, but overall direct retail performance remained solid;
- Asia-Pacific: the best-performing region this quarter, with revenue up 17% year-on-year and direct-to-consumer revenue increasing by 20%, driven by double-digit growth in both same-store sales and store expansion.
As of the end of the quarter, the Group operated a total of 232 directly operated stores (DOS) worldwide. During the period, the brand continued to expand its retail network, upgrade retail experiences, open new stores, launch immersive themed activations, and implement its community-driven concept. Key initiatives included:
- Opening the first Younique Café in Europe in the Brera district of Milan, Italy, featuring a lounge-style audiovisual bar. The space integrates the brand’s co-creation philosophy with Italian dining culture, offering a social hub for music exchange and community interaction from breakfast through aperitivo hours;
- Partnering with Selfridges Corner Shop in London to launch the Frutteria Golden pop-up space. This fruit-themed immersive installation hosted a series of community events on opening night, including creative salons and craft workshops;
- Opening a new flagship store in Athens, centred on the Frutteria Golden concept;
- Reopening its largest flagship store in the Asia-Pacific region in the South Zone of Sanlitun Taikoo Li, Beijing, with a design inspired by HAUS Marghera.
In addition, the brand continues to expand its “Dreamers” sports community, appointing tennis players Gabriel Diallo and Dayana Yastremska as global brand ambassadors for 2026, further strengthening its presence in racquet sports.
On the product front, following its exclusive debut in China and South Korea in 2025, the new Marathon Speed sneaker has now been launched globally.
| Source: Company financial report
| Image Credit: Brand official website
| Editor: Luxeplace
