Mytheresa powered LuxExperience’s Q1 FY26, with GMV up 13.5 per cent to €245.9 million (~$282.79 million), offsetting group-wide declines as total GMV fell 4.3 per cent and net sales slipped 4.2 per cent. Strong margins, lower SG&A and improving customer economics supported results. NAP, MRP and Yoox showed early stabilisation. The group now targets FY26 GMV of €2.4–2.7 billion (~$2.8-3.1 billion).
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