Revenue stagnation weighs on shares despite second straight profitable quarter
LuxExperience B.V. (NYSE:LUXE) shares fell 4.62% in premarket trading on Tuesday after the company reported fiscal third-quarter 2026 results that showed flat revenue growth despite continued improvement in profitability.
The luxury e-commerce platform generated net sales of €618.4 million for the quarter ended March 31, 2026. Revenue was unchanged on a constant currency basis but declined 5.2% on a reported basis compared with the same period a year earlier.
LuxExperience posted adjusted EBITDA of €5.7 million, representing a margin of 0.9%, marking the second consecutive quarter in which the group delivered positive adjusted EBITDA. However, softer-than-expected revenue weighed on investor sentiment following the release.
Mytheresa continues to outperform while other divisions improve margins
The company’s Mytheresa division remained the strongest-performing segment, with net sales increasing 9.9% at constant exchange rates to €256.0 million. Adjusted EBITDA for the business jumped 50.4% to €14.1 million, producing a margin of 5.5%.
Meanwhile, the NET-A-PORTER and MR PORTER segment recorded a 5.1% decline in net sales at constant currency to €231.6 million, although adjusted EBITDA improved to a loss of €1.1 million compared with a loss of €4.5 million in the prior-year period.
The YOOX off-price division posted net sales of €130.7 million, down 7.4% on a constant currency basis. Adjusted EBITDA improved significantly to a loss of €7.2 million from a loss of €25.6 million a year earlier.
“We are very pleased with the results of the third quarter. LuxExperience achieved positive adjusted EBITDA profitability as a Group for the second consecutive quarter and significant improvements on many KPIs across all three business segments underline the successful execution of our transformation plan,” said Michael Kliger, Chief Executive Officer.
Company maintains full-year guidance and debt-free balance sheet
LuxExperience reaffirmed its fiscal 2026 outlook, continuing to expect gross merchandise value between €2.5 billion and €2.7 billion, alongside an adjusted EBITDA margin ranging from -1% to 1%.
At the end of the quarter, the company reported cash and cash investments totaling €436.1 million and said it maintained a debt-free balance sheet.