Revenue growth has contracted to -22.0% in 2025Q2, while gross margins have compressed to 53.9% from 59.3% in 2023Q4, indicating potential challenges in maintaining pricing power.
| Sales/Revenue | 291.03M | 328.61M | 426.18M | 422.31M | 308.82M | 222.61M |
| Revenue Growth % | -23.94% | -22.89% | 0.92% | 36.75% | 38.73% | - |
| Cost of Goods Sold | 134.74M | 145.85M | 175.24M | 184.37M | 138.92M | 105.22M |
| COGS % of Revenue | - | 44.38% | 41.12% | 43.66% | 44.98% | 47.27% |
| Gross Profit | 156.29M | 182.76M | 250.94M | 237.94M | 169.9M | 117.39M |
| Gross Margin % | 53.7% | 55.62% | 58.88% | 56.34% | 55.02% | 52.73% |
| Gross Profit Growth % | - | -27.17% | 5.46% | 40.05% | 44.73% | - |
| Operating Expenses | 330.19M | 339.16M | 373.36M | 463.27M | 232.71M | 241.66M |
| OpEx % of Revenue | - | 103.21% | 87.61% | 109.7% | 75.35% | 108.56% |
| Selling, General & Admin | 306.36M | 326.17M | 364.96M | 377.87M | 288M | 266.81M |
| SG&A % of Revenue | - | 99.26% | 85.64% | 89.48% | 93.26% | 119.86% |
| Research & Development | 5.24M | 5.24M | 6.34M | 11.92M | 8.55M | 7.46M |
| R&D % of Revenue | - | 1.59% | 1.49% | 2.82% | 2.77% | 3.35% |
| Other Operating Expenses | 4M | 7.75M | 2.05M | 73.48M | -63.84M | -32.6M |
| Operating Income | -173.9M | -156.4M | -122.42M | -225.32M | -62.81M | -124.27M |
| Operating Margin % | -59.75% | -47.59% | -28.72% | -53.35% | -20.34% | -55.82% |
| Operating Income Growth % | - | -27.76% | 45.67% | -258.75% | 49.46% | - |
| EBITDA | -163.17M | -145.53M | -109.13M | -179.51M | -53.38M | -112.42M |
| EBITDA Margin % | -56.07% | -44.29% | -25.61% | -42.51% | -17.28% | -50.5% |
| EBITDA Growth % | -53.22% | -33.35% | 39.21% | -236.31% | 52.52% | - |
| D&A (Non-Cash Add-back) | 10.74M | 10.87M | 13.28M | 45.81M | 9.43M | 11.85M |
| EBIT | -135.64M | -128.38M | -107.64M | -139.25M | -118.74M | -149.42M |
| Net Interest Income | -34.9M | -28.37M | -19.29M | -19.94M | -10.94M | -11.18M |
| Interest Income | 0 | 406K | 310K | 127.17K | 7K | 32K |
| Interest Expense | 34.9M | 28.77M | 19.59M | 20.07M | 10.94M | 11.21M |
| Other Income/Expense | -29.44M | -29.82M | -20.43M | -14.56M | -9.31M | -12.99M |
| Pretax Income | -203.34M | -186.22M | -142.85M | -239.88M | -72.12M | -137.26M |
| Pretax Margin % | -69.87% | -56.67% | -33.52% | -56.8% | -23.35% | -61.66% |
| Income Tax | 3.77M | 3.08M | 3.41M | -129K | 4.33M | -1.6M |
| Effective Tax Rate % | -1.86% | -1.65% | -2.39% | 0.05% | -6.01% | 1.17% |
| Net Income | -181.09M | -165.25M | -129.31M | -218.29M | -65.35M | -110.76M |
| Net Margin % | -62.22% | -50.29% | -30.34% | -51.69% | -21.16% | -49.76% |
| Net Income Growth % | -46.48% | -27.79% | 40.76% | -234.01% | 41% | - |
| Net Income (Continuing) | -207.12M | -189.29M | -146.25M | -239.75M | -76.45M | -135.66M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -22.77M | -28.5M | -3.71M | 5.49M | 26.44M | 39.01M |
| EPS (Diluted) | -1.54 | -1.41 | -0.98 | -2.15 | -1.42 | -1.53 |
| EPS Growth % | -51.57% | -43.88% | 54.42% | -51.41% | 7.19% | - |
| EPS (Basic) | - | -1.41 | -0.98 | -2.15 | -1.42 | -1.53 |
| Diluted Shares Outstanding | 117.31M | 117.32M | 131.63M | 101.44M | 53.75M | 72.61M |
| Basic Shares Outstanding | 117.31M | 117.32M | 131.63M | 101.44M | 53.75M | 72.61M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Liquidity and Scale Deficiency
As indicated by the most recent financial data, LANV has experienced a sustained revenue decline, with year-over-year growth rates falling to -22.0% in 2025Q2, reflecting a significant erosion of top-line demand across its core luxury brand portfolio compared to previous fiscal periods.
The consistent double-digit revenue contraction suggests that the company is struggling to maintain relevance in a competitive luxury landscape. This downward trajectory appears to be more than a cyclical fluctuation, potentially indicating a fundamental misalignment between the brand's current product offerings and evolving consumer preferences.
According to the provided income statements, gross margins have compressed from 59.3% in 2023Q4 to 53.9% in 2025Q2, signaling that the company is likely facing increased pressure to utilize discounting strategies to clear inventory in a weakening demand environment.
The inability to maintain gross margins above 55% in a luxury context suggests limited pricing power and a potential over-reliance on wholesale channels. Investors should monitor whether this margin degradation is a temporary tactical response to inventory bloat or a permanent shift in the brand's value proposition.
Based on reported figures, LANV's operating margin has deteriorated to -55.6% as of 2025Q2, demonstrating that the company's fixed cost base, particularly its high SG&A expenses, remains far too heavy relative to its current, shrinking revenue scale.
The lack of operating leverage implies that the company is currently unable to achieve the necessary economies of scale to reach profitability. Without a significant reduction in administrative and retail overhead, the current cost structure appears unsustainable and may continue to weigh heavily on the bottom line.
Financial statements reveal that LANV is currently burning cash with net losses reaching -$36.6M in 2025Q2, which raises significant questions regarding the company's ability to fund its ongoing operations without external capital injections or further support from its parent entity.
Short-sellers would likely focus on the widening gap between revenue generation and the high fixed-cost burden, which shows little sign of narrowing. The persistent negative net income suggests that the current turnaround strategy has yet to gain traction, leaving the company in a precarious financial position.
Quick answers to the most common questions about buying LANV stock.
For fiscal year 2024, Lanvin Group Holdings Limited (LANV) reported total revenue of $328.6M. This represents a 47.6% increase compared to $222.6M in 2020.
Lanvin Group Holdings Limited (LANV) reported a net loss of $165.3M for the fiscal year ending 2024.
Lanvin Group Holdings Limited (LANV) reported an operating income of $-156.4M, resulting in an operating profit margin of -47.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Lanvin Group Holdings Limited (LANV) generated $182.8M in gross profit for the year, representing a gross profit margin of 55.6%. This demonstrates the company's core pricing power and production efficiency.