
LuxExperience Group posts flat constant-currency sales as Mytheresa gains
LuxExperience (NYSE:LUXE) reported flat top-line performance on a constant-currency basis for the third quarter of fiscal year 2026, navigating geopolitical headwinds to secure its second consecutive quarter of profitability at the group level.
The Munich-based digital luxury group generated net sales of €618.4 million for the three months ended March 31, 2026.
While sales were unchanged compared to the third quarter of fiscal 2025 on a constant-currency basis, reported net sales fell 5.2% due to foreign exchange pressures.
Group adjusted EBITDA margin reached a positive 0.9% for the quarter.
The company's Mytheresa unit remained a primary growth driver, posting net sales of €256 million, an increase of 9.9% on a constant-currency basis and 5.6% on a reported basis.
Adjusted EBITDA for the division surged 50.4% year-over-year, yielding an adjusted EBITDA margin of 5.5%.
Internal cost management initiatives showed continued progress.
The group’s adjusted selling, general, and administrative (SG&A) cost ratio dropped to 18.3% in the third quarter, down from 19.1% in the second quarter and 21.9% in the first quarter of fiscal 2026, reflecting a cumulative 360-basis-point reduction under its active transformation plan.
LuxExperience concluded the period with cash and cash investments totaling €436.1 million and maintained a debt-free balance sheet.
Following the results, management confirmed its full-year guidance for fiscal 2026.
The company also reiterated its medium-term financial targets, which include reaching €4 billion in net sales and establishing a group adjusted EBITDA margin between 7% and 9%.