Streetbeat News

MYTE

MYT Netherlands Parent B.V.

https://www.mytheresa.com

Industry

Luxury Goods

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, the rest of Europe, and internationally. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.

Open

6.29

Mkt cap

534M

Volume

90K

High

6.53

P/E Ratio

-20.19

52-wk high

8.24

Low

6.23

Div yield

N/A

52-wk low

2.05

Shares of companies within the broader discretionary sector are trading lower following softer-than-expected consumer sentiment data.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 7:56 pm

TD Cowen analyst Oliver Chen maintains a Hold rating on MYT Netherlands Parent (NYSE:MYTE) and raises the price target from $4 to $5.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:37 pm

MYT Netherlands Parent (NYSE:MYTE) reported Q3 adjusted earnings per share (EPS) of $0.05, beating the analyst estimate of $0.04. The company also reported sales of $254.02 million, surpassing the estimate of $246.28 million. Both EPS and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 10:17 am

Mytheresa expects its FY24 total gross profit to be on par with last year's level and confirms guidance for top- and bottom-line at the lower end of the ranges. The company projects GMV and Net Sales growth of 8% to 13% and an Adjusted EBITDA margin of 3% to 5%.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 10:06 am

MYT Netherlands Parent (NYSE:MYTE) reported Q3 sales of €233.900 million, surpassing the analyst consensus estimate of €230.900 million by 1.30%.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 10:04 am

Mytheresa is exploring a buyout to go private and is considering acquiring Net-a-porter to enhance its distribution. The company is working with Morgan Stanley and B. Riley on these plans. Mytheresa's interest in going private and acquiring Net-a-porter comes as the luxury e-commerce space consolidates, with competitors also looking to strengthen their positions. Mytheresa's upcoming third-quarter results show a significant sales increase and improved EBITDA margin, despite its struggle to connect with Wall Street since its IPO.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 7:13 pm

MYT Netherlands Parent B.V. (NYSE:MYTE), known as Mytheresa, announced preliminary Q3 FY24 results with GMV between €245M-€255M and net sales of €230M-€235M, indicating a 12%-15% and 15%-18% increase respectively from the previous year. The company also expects an adjusted EBITDA margin of 3%-4% and an operating income margin of 1.5%-2.5% for Q3. For FY24, Mytheresa anticipates 8%-13% growth in GMV, net sales, and gross profit, with an adjusted EBITDA margin of 3%-5%, confirming its guidance at the lower end of these ranges.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:06 pm

Ermenegildo Zegna N.V. (ZGN) reported a significant increase in FY23 profits, yet shares fell 14%. Other stocks like Altice USA (ATUS), DoubleDown Interactive (DDI), and Herbalife (HLF) also saw declines. Altice was downgraded by Wells Fargo, and Herbalife is anticipated to release Q1 2024 results soon.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 2:27 pm

MYT Netherlands projects its FY24 Gross Merchandise Value (GMV) and net sales growth to be in the lower end of the 8%-13% range. Similarly, the company expects its FY24 gross profit to also be in the lower end of the same range.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:11 am

MYT Netherlands Parent (MYTE) reported a significant decrease in Q2 adjusted EPS from $0.13 last year to $0.04 this year, missing the consensus estimate. Sales increased 9.31% YoY to $212.08M but fell short of the $216.27M estimate.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:11 am

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