Dior Revenues Are on the Way Up

Dior Couture saw revenues rebound in its latest fiscal quarter, echoing the strong numbers reported earlier this week by sister company LVMH Moët Hennessy Louis Vuitton.

Revenues at the French fashion house rose 7 percent to 502 million euros, or $557.8 million, in the three months ended Sept. 30.

Stripping out the impact of currency fluctuations, the gain stood at 8 percent, marking “a decidedly positive shift with respect to the previous quarters,” the company said.

In Dior’s fiscal fourth quarter, ended June 30, revenues were down 2.9 percent to 464 million euros, or $524 million, compared with a drop of 0.9 percent in the third quarter. The house was feeling the pain of falling tourist numbers in the wake of a series of terror attacks in France.

In the most recent quarter, retail sales were up 7 percent at constant exchange rates. Dior provided no soft detail about its business performance.

All dollar rates are calculated at average exchange rates for the periods in question.

Data for the most recent quarter would reflect sales of women’s products designed by Serge Ruffieux and Lucie Meier, the Swiss duo that helmed the design studio between the October 2015 exit of Raf Simons, Dior’s sixth couturier, and the July arrival of Maria Grazia Chiuri as artistic director of women’s haute couture, ready-to-wear and accessory collections.

She showed her first collection last month for the spring 2017 ready-to-wear season.

The house is gearing up for 2017, which is the 70th anniversary of Dior.

Dior’s numbers slightly bested LVMH, which posted a 6 percent sales gain in its third quarter to 9.12 billion euros, or $10.21 billion. The figure represented an acceleration over the first half and outstripped analysts’ projections, as reported.

The Dior figures were released late Friday in tandem with results for Christian Dior SA, parent of Dior Couture and the luxury conglomerate LVMH Moët Hennessy Louis Vuitton.

Dior closed out 2015 with revenues of 1.87 billion euros, or $2.08 billion, reflecting a gain of 17.1 percent at actual exchange rates and 7 percent at constant rates.

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