LuxExperience B.V. (LUXE): Financial results for FY2027
LuxExperience B.V. (LUXE) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 Q4 FY26 and Full FY26 Results: LuxExperience with strong +7.6% Net Sales growth ex-FX and improved Adjusted EBITDA profitability in Q4 FY26 now set for accelerated Top- and Bottom-Line growth in FY27 KEY HIGHLIGHTS · Strong performance increase of LuxExperience 1 wit
How this was made
The 30-second read
Why it matters
The earnings beat and buyback provide fresh catalysts that could drive short‑term price appreciation, while FY27 guidance remains broad.
Market read
First‑report earnings release with material financials and buyback announcement; actionable for traders.
What to watch
Currency effects and upcoming FY27 guidance uncertainty could temper upside.
Q4 FY26 Total Segments Net Sales increased +7.6% ex-FX (+6.1% reported at €653.6 million) and Adjusted EBITDA reached €13.6 million, while FY27 guidance calls for +MSD% to +HSD% Net Sales growth and an Adjusted EBITDA margin at around 2% to 3%.
Q4 showed accelerating reported and constant-currency sales growth across all three segments, a third consecutive quarter of positive Total Segments Adjusted EBITDA, and major SG&A-ratio improvement. Full-year consolidated IFRS results remained loss-making, cash flow from operating activities was €-108.4 million, and YOOX remained Adjusted EBITDA negative.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Consolidated Net sales, FY26other | €2,502.7 million | – | 104.1% |
| Total Segments Net Sales, FY26other | €2,474.2 million | – | -0.6% reported; +3.2% ex-FX |
| Consolidated Net sales, Q4 FY26other | €663.8 million | – | 18.7% |
| Total Segments Net Sales, Q4 FY26other | €653.6 million | – | +6.1% reported; +7.6% ex-FX |
| Consolidated gross profit, FY26other | €1,160.4 million | – | – |
| Consolidated gross profit, Q4 FY26other | €319.6 million | – | – |
| Operating loss, FY26other | €155.8 million | – | – |
| Operating loss, Q4 FY26other | €31.9 million | – | – |
| Net loss from continuing operations, FY26other | €157.2 million | – | (127.5)% |
| Net loss from continuing operations, Q4 FY26other | €25.5 million | – | (104.2)% |
| Net loss, FY26other | €167.7 million | – | – |
| Net loss, Q4 FY26other | €26.3 million | – | – |
| Diluted earnings (loss) per ordinary share, continuing operations, FY26other | €(1.12) | – | – |
| Diluted earnings (loss) per ordinary share, net income (loss), FY26other | €(1.20) | – | – |
| Adjusted EBITDA, FY26non-GAAP | €13.3 million | – | (73.1)% |
| Adjusted EBITDA margin, FY26non-GAAP | 0.5% | – | (350) BPs |
| Adjusted EBITDA, Q4 FY26non-GAAP | €13.2 million | – | (37.6)% |
| Adjusted EBITDA margin, Q4 FY26non-GAAP | 2.0% | – | (180) BPs |
| Total Segments Adjusted EBITDA, Q4 FY26non-GAAP | €13.6 million | – | – |
| Total Segments Adjusted EBITDA margin, Q4 FY26non-GAAP | 2.1% | – | – |
| Acquisition-adjusted EBITDA, FY26non-GAAP | €10.8 million | – | +€63.8 million |
| Acquisition-adjusted EBITDA margin, FY26non-GAAP | 0.4% | – | 260bps |
| Cash flow from operating activities, FY26other | €-108.4 million | – | – |
| Capital expenditure for property and equipment and intangible assets, FY26other | €(14,730) thousand | – | – |
| Cash and cash investments, Q4 FY26other | €442.7 million | – | – |
| Cash and cash equivalents, June 30, 2026other | €317,702 thousand | – | – |
| Non-current financial assets, June 30, 2026other | €125,000 thousand | – | – |
| Liabilities to banks, June 30, 2026other | — | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Luxury | Mytheresa, Q4 FY26Strong growth of +39.3% ex-FX in the United States (+30.3% reported). | €269.2 million | – | +8.1% reported; +10.2% ex-FX |
| Luxury | Mytheresa, FY26Persistent focus on full-price sales drove Gross Profit margin growth of 150bps to 48.5%. | €994.3 million | – | +8.5% reported; +11.5% ex-FX |
| Luxury | NAP & MRP, Q4 FY26Strong growth in the United States of +15.1% ex-FX (+13.4% reported), alongside focus on full-price selling, customer engagement, and cost discipline. | €273.9 million | – | +4.3% reported; +5.6% ex-FX |
| Luxury | NAP & MRP, FY26Gross Profit Margin increased by 170bps compared to FY25 to 47.5%, while Acquisition-adjusted SG&A costs decreased -11.0% or by -€29.8 million. | €994.8 million | – | -4.6% reported; +0.5% ex-FX |
| Off-Price | YOOX, Q4 FY26Continued growth in Europe (excluding the U.K.) of +22.7% reported compared to Q4 FY25. | €110.5 million | – | +5.6% reported; +6.6% ex-FX |
| Off-Price | YOOX, FY26Acquisition-adjusted EBITDA improved by +€34.7 million to -€45.5 million and Acquisition-adjusted EBITDA margin improved to -9.4% from -15.2% in FY25. | €485.1 million | – | -8.4% reported |
FY27, full fiscal year ending June 30, 2027 outlook
- Revenue+MSD% to +HSD%
- NoteAdjusted EBITDA margin at around 2% to 3%
- NoteLuxury | Mytheresa: high single-digit to low double-digit net sales growth and profitability slightly above full FY26 levels
- NoteLuxury | NAP & MRP: mid-single-digit percentage net sales growth and a 100 to 200 basis point expansion in Adjusted EBITDA margin compared to full FY26
- NoteOff-price | YOOX: mid-single-digit percentage net sales growth, with an Adjusted EBITDA margin expected to remain in the negative mid-single-digit range
- NoteMedium-term annual growth rates of 10-15%
- NoteTargets of €4 billion Net Sales with an underlying Adjusted EBITDA margin of 7% to 9%
- NoteAnnual 150 to 250bps increase in Adjusted EBITDA margin after FY27
Capital returns
- On September 3, 2026, management received authorization for the repurchase of up to $50 million of ADRs.
- The authorization does not obligate LuxExperience to repurchase any ADRs or any particular amount and may be suspended, modified, or discontinued at any time without prior notice.
What drove it
- All three segments reported Q4 FY26 Net Sales growth ex-FX: +10.2% for Mytheresa, +5.6% for NAP & MRP, and +6.6% for YOOX.
- Mytheresa Q4 FY26 GMV per Top Customer increased +4.8%, Top Customer count increased +18.0%, and Average Order Value (LTM) increased 13.1% (reported) to €875.
- NAP & MRP Q4 FY26 GMV per Top Customer increased +9.4%; Top Customer count grew +3.2% sequentially; and Average Order Value (AOV) LTM increased +9.1% (reported) to €885.
- The Adjusted SG&A cost ratio declined from 21.9% in Q1 FY26, to 19.1% in Q2, 18.3% in Q3, and 17.6% in Q4 FY26.
- YOOX reported GMV per top customer growth of +12.3% and a Net Promoter Score increase of +1,520bps to 49.1 in Q4 FY26 versus Q4 FY25.
- The new ERP system at NAP & MRP went live on July 1, 2026.
Concerns
- Consolidated FY26 net loss was €(167.7) million and net loss from continuing operations was €(157.2) million.
- Consolidated FY26 Adjusted EBITDA declined to €13.3 million from €49.5 million and Adjusted EBITDA margin declined to 0.5% from 4.0%.
- FY26 cash flow from operating activities was €-108.4 million.
- YOOX FY26 Net Sales declined -8.4% reported to €485.1 million, and its Acquisition-adjusted EBITDA was -€45.5 million.
- NAP & MRP FY26 Net Sales declined -4.6% reported to €994.8 million; its FY26 Adjusted EBITDA was €(6.0) million and Adjusted EBITDA margin was (0.6)%.
- Mytheresa, NAP & MRP, and YOOX active customers were down (6.0)%, (11.1)%, and (10.6)%, respectively, on an LTM basis.
What to watch
- Delivery of FY27 Net Sales growth of +MSD% to +HSD% and Adjusted EBITDA margin at around 2% to 3%.
- Whether NAP & MRP delivers its guided 100 to 200 basis point Adjusted EBITDA margin expansion compared with full FY26.
- Whether YOOX can maintain mid-single-digit Net Sales growth while reducing its negative Adjusted EBITDA margin toward the negative mid-single-digit range.
- Sustainability of the declining Adjusted SG&A cost ratio following the 430bps reduction from Q1 FY26 to Q4 FY26.
- Cash flow from operating activities and the use, if any, of the authorized repurchase program of up to $50 million of ADRs.
Balance sheet and cash flow
- Cash and cash investments of €442.7 million and balance sheet bank debt-free as of June 30, 2026.
- Cash and cash equivalents were €317,702 thousand as of June 30, 2026, versus €603,593 thousand as of June 30, 2025.
- Non-current financial assets were €125,000 thousand as of June 30, 2026.
- Net cash used in operating activities was €(108,402) thousand in FY26.
- Net cash used in investing activities was €(129,234) thousand in FY26, including €(125,000) thousand of investment in fixed income securities.
- Net cash used in financing activities was €(56,086) thousand in FY26, including €(10,000) thousand of repayment of bank borrowings and €(35,046) thousand of lease payments.
Analysis
LuxExperience closed FY26 with stronger fourth-quarter trading across its Total Segments. Q4 Net Sales increased +6.1% reported to €653.6 million and +7.6% ex-FX, while consolidated Net sales were €663.8 million. The Total Segments result marked the third consecutive quarter of positive Adjusted EBITDA profitability, at €13.6 million and a 2.1% margin. Consolidated Q4 Adjusted EBITDA was €13.2 million and the corresponding margin was 2.0%.
Mytheresa remained the principal growth and profitability contributor. Its Q4 Net Sales rose +10.2% ex-FX to €269.2 million, with United States growth of +39.3% ex-FX. Q4 gross profit margin expanded 150bps to 49.7%, and Adjusted EBITDA increased to €17.9 million, producing a 6.6% margin. For FY26, Mytheresa delivered €994.3 million of Net Sales, €62.3 million of Adjusted EBITDA, and a 6.3% Adjusted EBITDA margin.
NAP & MRP returned to positive Q4 Adjusted EBITDA of €7.4 million, with its margin expanding 230bps to 2.7%. Q4 Net Sales increased +5.6% ex-FX to €273.9 million. Full-year reported Net Sales nevertheless declined -4.6% to €994.8 million, and the segment reported FY26 Adjusted EBITDA of €(6.0) million. The release attributes the Q4 turnaround to full-price selling, customer engagement, and cost discipline. YOOX also returned to Q4 sales growth, with Net Sales up +6.6% ex-FX to €110.5 million, but it remained loss-making with Q4 Adjusted EBITDA of €(11.7) million and FY26 Acquisition-adjusted EBITDA of -€45.5 million.
The transformation plan is most visible in the cost trajectory. The Adjusted SG&A cost ratio declined 430bps from 21.9% in Q1 FY26 to 17.6% in Q4 FY26. FY26 Acquisition-adjusted SG&A expenses decreased by €55 million, or -9.9%, compared with FY25. NAP & MRP reduced Acquisition-adjusted SG&A costs by -€29.8 million, while YOOX's H2 FY26 Acquisition-adjusted SG&A cost ratio improved by 560bps from H2 FY25 to 23.8%.
FY26 consolidated IFRS profitability and cash generation remained weak. Consolidated net loss was €(167.7) million, including a €(157.2) million loss from continuing operations, compared with prior-year income that included a gain on bargain purchase. FY26 cash flow from operating activities was €-108.4 million. LuxExperience ended June 30, 2026 with €442.7 million of cash and cash investments and no bank debt. For FY27, management guides to +MSD% to +HSD% Net Sales growth and an Adjusted EBITDA margin at around 2% to 3%, supported by continued Mytheresa momentum, a planned NAP & MRP margin expansion, and YOOX growth with a still-negative mid-single-digit Adjusted EBITDA margin.
Management, verbatim
We are very pleased with our Q4 FY26 and full FY26 results. The results of Q4 FY26 underline the tremendous progress we have achieved in our transformation plan in just the last 12 months. Mytheresa again set the gold standard in the fourth quarter in terms of high growth and profitability. NET-A-PORTER and MR PORTER combined achieved a clear turnaround, also delivering topline growth and profitability. YOOX is in high gear to achieve the same, delivering a topline growth while losses were cut almost in half compared to Q4 FY25. We have proven that at LuxExperience we possess the secret sauce in digital luxury. The strength of our businesses is based on resilient business models and superior customer economics.
Michael Kliger, Chief Executive Officer of LuxExperience
With the tremendous progress made in the past twelve months and the strong business momentum in Q4 of FY26, we are clearly on track to our medium-term targets of Group Net Sales of €4 billion and an Adjusted EBITDA margin of 7% to 9%. For full FY27, we expect accelerated topline growth and further increased Group Adjusted EBITDA margin. As a Group, we are perfectly positioned to benefit from the sustained growth of digital luxury and the improvements in the global luxury sector.
Michael Kliger, Chief Executive Officer of LuxExperience
Not in the filing
stated, not guessed- Prior-quarter comparisons for consolidated financial metrics were not reported.
- Free cash flow was not reported.
- Dividend amount and dividend policy were not reported.
- FY27 gross margin guidance was not reported.
- FY27 operating-expense guidance was not reported.
- FY27 tax-rate guidance was not reported.
- A reconciliation of FY27 Adjusted EBITDA guidance to IFRS net income (loss) was not provided.
- Prior outlook was not provided, so no comparison with prior guidance is available.
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
LuxExperience B.V. (NYSE:LUXE) filed a Form 6‑K reporting FY26 results and a new $50 million ADR share repurchase program.
Ticker impact
LuxExperience reported FY26 results with +7.6% Q4 sales growth, positive adjusted EBITDA and announced a $50 million share repurchase authorization.
Potential short‑term price rally on the earnings beat and buyback news.
The earnings beat and new buyback tranche provide fresh, material information that can move the stock immediately.
Market effects
Highlights strength in the digital luxury sector, may boost peer valuations.
Positive for European luxury e‑commerce exposure.
Limited to luxury e‑commerce niche; modest global impact.
Counterpoint
Buyback size is modest relative to market cap; earnings growth may already be priced in.
Key entities
- CompanyLuxExperience B.V.
Digital luxury multi‑brand platform listed on NYSE under ticker LUXE.
- ExecutiveMichael Kliger
Chief Executive Officer of LuxExperience.
