Total net revenues were up by 18 percent in EMEA, rose by 8 percent in the US and grew by 9 percent in Asia-Pacific.
Golden Goose, the Italian brand of premium sneakers controlled by the investment firm Permira, said that in the first half of 2025 net revenues rose by 13 percent year-over-year at constant exchange rates to €342.1 million, driven by the direct-to-consumer (DTC) channel. In the sole second quarter, the top line grew by 14 percent after rising by 12 percent in first three months of the year.
Overall DTC sales were up by 19 percent year-over-year in the first half, accounting for 77 percent of total net revenues, up from 73 percent a year earlier. DTC sales grew by 26 percent in the Europe, Middle East and Africa (EMEA) business regions, by 15 percent in the Americas and by 14 percent in the Asia-Pacific region. During the first half, Golden Goose opened 10 stores, increasing its retail network to 225.
Total net revenues were up by 18 percent in EMEA, rose by 8 percent in the US and grew by 9 percent in Asia-Pacific.
The company’s adjusted Ebitda rose by 3 percent to €113 million, resulting in an Ebitda margin of 33 percent.
Golden Goose’s net leverage fell to 2.4 times at the end of June from 2.5 times at the end of the first quarter.
“Against a difficult macroeconomic context, our resilient performance in the first half of 2025 reflects the continued global resonance of the Golden Goose brand among its communities. We saw double digit and high single digit growth across all regions and we expanded our footprint with 10 openings of innovative retail concepts in key strategic cultural and lifestyle hubs, from Venice to Manila. These results confirm the power of the Golden Goose brand, the strength of our DTC and innovation-led strategy and the Co-Creation which keeps on reaching new heights,” said Silvio Campara, the Chief Executive Officer.
