Salvatore Ferragamo SpA
SFER: XMIL (ITA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|BY | LOCK|^W | LOCK|hcTyn!& |
Ferragamo Earnings: North America Drives Recovery; Leather Remains Subdued; Shares Expensive
Ferragamo reported sequential acceleration in sales growth to almost 5% in the quarter, from negative 1% earlier, both figures at constant currencies. Gross and operating profit margins improved. Shares traded down 7% in early trading on Aug. 4.
