Mytheresa Grows Revenue Despite U.S. Headwinds and Tariff Pressures

Mace | 15th May 2025 | Uncategorised
Munich,,Germany,-,February,20,,2021:,Mytheresa,Fashion,Store,Sign

Luxury retailer Mytheresa posted 3.8% revenue growth in Q3 2025, driven by strong demand in Europe and the Middle East. U.S. sales lagged due to tariffs and cautious consumers. Despite lower margins, the company raised its full-year outlook, citing resilient high-end demand and international expansion.

Luxury fashion retailer Mytheresa reported a 3.8 per cent increase in net revenue for the third quarter of the 2025 fiscal year, attributing the growth to strong performance in Southern Europe and the Middle East. The company said net sales reached €228.1 million, up from €219.7 million in the same period last year. Growth was partially offset by weaker demand in the United States, where consumer caution and higher tariffs on European imports are weighing on performance. Mytheresa’s gross merchandise value for the quarter rose by 4.8 per cent year-on-year to €252.8 million. The company said that while demand remained stable in core European markets, it saw “outsized growth” in Saudi Arabia and the United Arab Emirates, where luxury consumption has rebounded sharply in recent months. Customer acquisition in those regions was supported by localised marketing strategies and exclusive product drops. Operating income for the quarter fell slightly to €7.4 million, down from €8.5 million the ...

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