LuxExperience — the parent company of Mytheresa and Yoox Net-a-Porter — said net sales declined 4.2% to €557.2 million in the first quarter of fiscal 2026, ended September 30, 2025.

LuxExperience is in the process of turning around the businesses previously under Yoox Net-a-Porter (YNAP) Group, which LuxExperience (previously Mytheresa) acquired in April. LuxExperience expects gross merchandise value (GMV) to reach between €2.4 billion and €2.7 billion in fiscal 2026. Its prior forecast of between €2.5 and €2.9 billion included The Outnet, which it announced in October it is selling (the current guidance is just above this previous guidance, excluding The Outnet). Adjusted EBITDA is expected to land between -2% and 1% by the end of the fiscal year, compared to prior expectations of

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