The Munich-based luxury website reported a 17.6 percent gain in net sales growth to 233 million euros in its fiscal third quarter ended March 31, from 198.9 euros in the year-ago period. Gross merchandise value rose to 252.2 million euros, from 219.8 million euros in the year-ago quarter.
With its momentum continuing, Mytheresa expects to ultimately generate annual volumes in the billions, but there is a ways to go considering that in fiscal 2023 Mytheresa generated 768.8 million euros.of the Munich-based Mytheresa, told WWD, commenting on the potential for an acquisition. “We’re not desperate. We don’t need a deal.”
Kliger told WWD that the U.S. and top-spending customers, which he defined as those spending six digits or more annually, were the two key growth drivers in the third quarter. Kliger also said the average order value in the quarter increased by 8 percent to $692. He acknowledged that some of the gain was due to inflation, particularly on bags.
During his third-quarter conference call, Kliger said, “Our core customer base, which are the top spenders, is very healthy. The U.S. is the strongest region, Europe is stable, and in Asia we still see uncertainties.”