PARIS — Revenues at fashion house Christian Dior Couture rose 12.9 percent in its fiscal first quarter, tallying 471 million euros, or $553.4 million at average exchange rates.
In organic terms, stripping out the impact of currency, the improvement in the three months ended Sept. 30 stood at 5 percent.
Retail sales gained 15 percent at actual exchange rates and 7 percent at constant exchange rates, a slowdown from the second half of Dior’s fiscal year ended June 30, when its retail network posted a gain of 25 percent at actual exchange rates and 11 percent in organic terms. Dior has 195 boutiques worldwide.
The data echoed weaker results posted earlier this week by Burberry and Dior’s sister company LVMH Moët Hennessy Louis Vuitton, both of which cited wobbles in China, in recent years the principal growth engine of the luxury sector.
Sidney Toledano, chief executive officer of Dior, was not available for comment, and the company did not provide any additional detail on its performance by region or product category, only saying the gains “confirmed the brand’s vitality and the success of its creations throughout the world.”
French companies report sales quarterly and profits every six months. Results for the Dior fashion house, known as Christian Dior Couture, were released Friday after the Paris Bourse closed as part of a financial release from Christian Dior SA, parent of luxury giant LVMH.
For the full 2014-15 fiscal year, Dior sales reached 1.76 billion euros, or $2.12 billion, a gain of 18 percent at actual exchange rates and 10 percent stripping out the impact of currency fluctuations. Full-year profits from recurring operations climbed 21 percent to 226 million euros, or $272 million, as reported.
Dollar figures are converted at average exchange for the periods to which they refer.