What is the revenue and EPS growth rate for LuxExperience year over year?

What is the market's earnings forecast for LuxExperience next quarter?

What guidance did LuxExperience's management provide for the next earnings period?

What does LuxExperience do and what are its main business segments?

Did LuxExperience beat or miss consensus estimates last quarter?

What were the key takeaways from LuxExperience’s earnings call?

What factors drove the changes in LuxExperience's revenue and profit?

What is LuxExperience's latest dividend and current dividend yield?

- **Mytheresa Dominance:** 12.2% YoY sales growth, U.S. +21.9%, AOV €797, gross margin +70bps.
- **NET-A-PORTER Turnaround:** AOV +15.5%, GM +130bps, targeting FY27 breakeven, 7-9% margin.
- **YOOX Restructuring:** AOV +17.8%, GM +400bps, targeting EBITDA breakeven in 15-21 months.
- **THE OUTNET Sale:** $30m proceeds, simplifying Off-Price segment, focusing on YOOX transformation.
- **Financial Guidance:** FY26 GMV €2.4-2.7b, EBITDA margin -2% to +1%, operating cash burn <€200m.
- **Market Momentum:** U.S. 31% of group sales, Europe stable, China stabilization, fine jewelry growth.

**【CEO Opening Remarks】**
- LuxExperience is the digital multi-brand leader for luxury enthusiasts, with strong performance across three segments: Mytheresa, NET-A-PORTER/MR PORTER, and Off-Price (YOOX). 
- Announced sale of THE OUTNET assets to O Group, simplifying the Off-Price segment and focusing on YOOX transformation. 
- Highlights strategic focus on full-price luxury, exclusive campaigns, and customer experiences.

**【CEO Segment Breakdown】**
1. **Mytheresa (Luxury Segment):**
   - Q1 FY26 net sales +12.2% YoY, U.S. sales +21.9%, Europe (ex-Germany) +14.1%.
   - Top customer base grew +10.2%, AOV last 12m at €797 (+10.7%).
   - Gross margin +70bps to 44.6%, driven by full-price focus.
   - Exclusive campaigns with Loewe, Max Mara, ZEGNA, and events in London, Shanghai, Madrid.

2. **NET-A-PORTER/MR PORTER (Luxury Segment):**
   - Q1 FY26 net sales -10.8% YoY, but AOV +15.5% to €836, GMV per EIP +4%.
   - Gross margin +130bps to 47.8%, full-price share improving.
   - New leadership driving exclusive launches (Jimmy Choo, Aime Leon Dore) and editorial content (Emily Blunt cover, Adam Brody film).
   - Targeting breakeven EBITDA in FY27, 7-9% margin medium-term.

3. **YOOX (Off-Price Segment):**
   - Q1 FY26 net sales -16.5% YoY, but AOV +17.8% to €256, GM +400bps to 36.5%.
   - Focused on Europe core, closing unprofitable marketplaces, reducing inventory complexity.
   - Targeting EBITDA breakeven in 15-21 months, FY27 top-line growth.

**【CFO Financial Overview】**
- **Group Results (Q1 FY26):**
  - GMV: €588.9m (-4.3% YoY), Net Sales: €557.2m (-4.2% YoY).
  - Adjusted EBITDA: -€28.1m (margin -5%), operating cash flow -€146.4m.
  - Inventory: €1.18b (ex-THE OUTNET), cash: €460m.
- **Segment Performance:**
  - Mytheresa: EBITDA +€7.9m (vs. -€5m YoY), margin +210bps to 3.5%.
  - NET-A-PORTER/MR PORTER: EBITDA -€14.4m, margin -6.9%.
  - YOOX: EBITDA -€28.1m, margin -18.1%.
- **Guidance FY26:**
  - GMV: €2.4-2.7b, EBITDA margin: -2% to +1%.
  - Mytheresa: mid- to high-single-digit growth.
  - NET-A-PORTER/MR PORTER: FY26 decline, FY27 growth.
  - YOOX: FY26 sales decline, FY27 top-line recovery.

**【Q&A Highlights】**
- **Transformation Progress:**
  - Early SG&A reductions (-€15m Q1), workforce reductions in multiple regions.
  - MYTHERESA: 31% of group sales, U.S. growth driver.
  - NET-A-PORTER/MR PORTER: targeting FY27 breakeven, 7-9% margin medium-term.
- **Market Trends:**
  - Consumer shift to bolder, colorful luxury (e.g., ZEGNA, Calvin Klein), fine jewelry growth.
  - Regional strength: U.S. (+21.9%), Europe (ex-Germany) +14.1%, YOOX Europe +1.7%.
  - China stabilization, potential upside in FY26.
- **THE OUTNET Sale:**
  - Closing Q1 CY26, $30m cash consideration (subject to inventory adjustment).
  - Discontinued operations from Q1 FY26, simplifying Off-Price focus on YOOX.


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