LuxExperience B. V.
(NYSE:LUXE) saw its shares drop 4.62% in premarket trading on Tuesday.
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The decline came after the luxury e-commerce platform reported flat revenue growth for its fiscal third quarter of 2026, even as it secured a second straight profitable quarter.
The company generated net sales of €618.4 million for the quarter ended March 31, 2026.
Revenue was unchanged on a constant currency basis but fell 5.2% on a reported basis compared to the same period last year.
Segment Performance Highlights
The Mytheresa division remained the top performer. It boosted net sales by 9.9% at constant exchange rates to €256.0 million.
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The unit also saw adjusted EBITDA surge 50.4% to €14.1 million, delivering a 5.5% margin.
In contrast, the NET-A-PORTER and MR PORTER segment saw net sales drop 5.1% at constant currency to €231.6 million.
However, its adjusted EBITDA loss narrowed significantly to €1.1 million from a €4.5 million loss a year earlier.
The YOOX off-price division also experienced a decline. Net sales fell 7.4% on a constant currency basis to €130.7 million.
Despite the revenue drop, the division improved its adjusted EBITDA, reducing losses to €7.2 million from €25.6 million in the prior year.
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Financial Outlook and Cash Position
CEO Michael Kliger expressed satisfaction with the results.
He noted that the group achieved positive adjusted EBITDA for the second consecutive quarter and saw significant improvements across key performance indicators in all three business segments.
LuxExperience reaffirmed its full-year fiscal 2026 targets.
The company continues to expect gross merchandise value between €2.5 billion and €2.7 billion, with an adjusted EBITDA margin ranging from -1% to 1%.
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The company ended the quarter with cash and cash investments totaling €436.1 million. LuxExperience stated it maintains a debt-free balance sheet.
