# Armani sales up 18% in Q1 as Asia rebounds, U.S. slows down
Published: 2023-05-25
Category: Headlines
Category URL: https://assetdigest.com/category/headlines/
URL: https://assetdigest.com/armani-sales-up-18-in-q1-as-asia-rebounds-u-s-slows-down/

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## Armani sales up 18% in Q1 as Asia rebounds, U.S. slows down   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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