Retailer

Mytheresa anticipates double-digit growth even in spite of the “tough” market conditions.

Published: April 19, 2024
Author: Fashion Value Chain

The luxury online retailer Mytheresa has stated that it anticipates an increase in third-quarter sales of 15% to 18% year over year. The business projects that its third quarter sales, which end on March 31, 2024, would be between £196 and 201 million (€230 and 235 million).

Along with better profitability on adjusted EBITDA, it reported a 3-4% anticipated margin compared to the same quarter last year. Mytheresa has therefore reiterated its projections for the full year that ends on June 30, 2024. It projects adjusted EBITDA to grow by 3-5% annually and sales growth of 8–13% annually.

“We are extremely pleased with the strong performance in a rapidly consolidating marketplace,” stated Michael Kliger, CEO of Mytheresa.

“The outcomes show that Mytheresa is more than just a posh e-commerce site. Through both digital and real-world encounters, we cultivate desirability and establish a community for aficionados of luxury. In an otherwise competitive market, this makes us the winners.”

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