# Armani sales up 18% in Q1 as Asia rebounds, U.S. slows down
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2023-05-25
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: Armani Sales Surge 18% in Q1 with Asia Rebound
Meta Description: Discover how Armani's Q1 sales surged 18% thanks to Asia's rebound and slower growth in the U.S. Be ahead of the fashion curve with Armani.
URL: https://startupobserver.com/armani-sales-up-18-in-q1-as-asia-rebounds-u-s-slows-down/

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MILAN (Reuters) – Italy’s Armani said on Thursday that sales jumped 18% in the first quarter thanks to a rebound in Asia and more modest growth in the United States, where a slowdown is expected in the coming months.

The privately-owned luxury group added that its 2022 full year revenues were up 16.5%, boosted by sales in Europe and the United States, to 2.35 billion euros ($2.59 billion).

The Milan-based group’s operating profit rose 30% in 2022, to 202.5 million euros.

(Reporting by Elisa Anzolin, editing by Alvise Armellini)


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