$ZGN

Ermenegildo Zegna NV reported H1 2026 adjusted EBIT of EUR74 million, with the ZEGNA segment performing well but Thom Browne facing challenges. Foreign exchange impacts and wholesale network transformation delays hurt Thom Browne's profitability. The company expects ZEGNA's adjusted EBIT margin to reach 15% for the full year, with Thom Browne nearing breakeven. Consensus for 2026 adjusted EBIT is around EUR195 million, with 2027 guidance reaffirmed at EUR250 million.

Ermenegildo Zegna Group reported H1 2026 revenues of €987.3M, up 6% YoY, with profit at €28.4M and adjusted EBIT at €74.5M. DTC sales grew 12%, while wholesale declined 14.6%. Zegna segment saw 11.2% revenue growth, while Thom Browne and Tom Ford Fashion had mixed results. Net cash surplus increased to €59.6M.

Ermenegildo Zegna N.V. (ZGN) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 ERMENEGILDO ZEGNA GROUP REPORTS FIRST HALF 2026 REVENUES OF €987 MILLION WITH PROFIT AT €28 MILLION AND ADJUSTED EBIT AT €74 MILLION • Revenues 1 of €987.3 million, +6% Year-on-Year (YoY) and +9% organic 2 . Direct-to-consumer (“DTC”) drove the performance with a +12

TOM FORD FASHION generated EUR 89 million in second-quarter revenue, up 7% organically. Durante said DTC revenue increased 13%, led mainly by the Americas, with the rest of APAC outperforming. She said the performance was driven entirely by comparable store sales growth and supported by customer reception of the spring/summer collections. Wholesale revenue declined 3%, and management reiterated expectations for a low- to mid-single-digit decline by year-end.

Ermenegildo Zegna Group (NYSE:ZGN) reported Q2 2026 revenues of €517.1 million, up 10.3% YoY and 11.0% organic. H1 2026 revenues were €987.3 million, up 6.4% YoY and 9.3% organic. DTC rose to €410.9 million (+16.4% YoY). ZEGNA brand revenues grew 16.9% YoY to €324.3 million.

Wall Street Zen downgraded multiple stocks on June 21, including Predictive Oncology (AGPU) to sell from hold, Agape ATP (ATPC) to sell from hold, Bonk (BNKK) to sell from hold, Columbia Financial (CLBK) to sell from hold, and Camden Property Trust (CPT) to sell from hold. It also cut several ratings to hold or buy for companies such as Devon Energy (DVN), fuboTV (FUBO), and Alnylam (ALNY).

This article reports on an SEC Form 144 filing by Ermenegildo Zegna N.V. (ZGN). The filing indicates a proposed sale of 18,790 ordinary shares, acquired through restricted stock vesting on May 7, 2026, with an approximate sale date of May 8, 2026, through Citigroup Global Markets, Inc. The aggregate market value of these shares is $245,209.50.

Ermenegildo Zegna N.V. executive Sam Christopher James Lobban, CEO of Thom Browne, reported initial beneficial ownership of 139,845 Restricted Share Units (RSUs). These RSUs, part of the 2023 RSU Plan, will vest in three installments in December 2026, 2027, and 2028, aligning his equity incentives with the company. This disclosure was made via a Form 3 filing with the SEC.

Ermenegildo Zegna's stock (ZGN) fell 13.25% to $9.56 on Friday after Bank of America downgraded the luxury menswear group, citing concerns over growth at Thom Browne and Tom Ford Fashion, as well as tougher margin prospects. The downgrade also adjusted the price target slightly lower and trimmed EBIT forecasts below consensus. Investors are now awaiting Zegna's preliminary FY 2025 revenues on February 2nd and will be watching Tuesday's market open for further price action.

Bank of America has downgraded Ermenegildo Zegna N.V (ZGN) to Neutral from Buy, causing a more than 9% drop in its share price. The bank believes that further gains for the luxury fashion brand will depend on revenue beats and EPS upgrades, as its stock now trades at 25x 2026 earnings after a significant 34% re-rating in 2025. BofA adjusted its EBIT estimates for 2026-2027 downwards due to margin concerns, despite anticipating organic revenue growth primarily driven by direct-to-consumer sales.