Golden Goose’s revenue grows 13% in nine months to €517 million, driven by direct retail

In the first nine months of the year, Golden Goose recorded a 13% revenue growth to reach €517.1 million. The direct retail channel, with sales up 21% and accounting for 79% of net revenue, was the driving force for the Italian luxury sneakers brand, helped by new store openings and double-digit organic growth.

As of September 30, Golden Goose’s sales posted double-digit increases in all regions. They were up 15% in EMEA and APAC, and up 10% in the Americas. Adjusted EBITDA was €173.6 million, up 7%, equivalent to a 33.6% margin. Golden Goose thrived also in liquidity terms, generating a cash flow of €92 million.

“Golden Goose recorded another quarter of double-digit growth across all regions, confirming the resilience of our business model and the brand’s global resonance. Looking ahead, [it] is well positioned to take co-creation to new levels, and continue to connect with our global Golden community,” said CEO Silvio Campara.

The brand now operates 227 between monobrand stores and concessions worldwide, with 12 new openings in the period, including Tokyo, Chengdu, Hyundai Jungdong, Mumbai, Singapore Paragon, Manila, Ibiza, and Paraggi in Italy. It has also opened its first two children’s stores, in Milan and Dubai.

In November, the brand inaugurated the Golden Goose Arena in Milan, designed by Novembre Studio, and signed up actress Jane Fonda to front the new campaign of its Super-Star sneakers.