Zegna: Paving The Road To Growth

Mare Evidence Lab
5.77K Followers

Summary

  • Post Capital Market Day, Zegna group CAGR topline is estimates at >10% with an increase adj. EBIT of approximately 20%.
  • Zegna has space to grow on sales density, new store openings, and Tom Ford Chinese entry.
  • After an excessive de-rating and with higher growth estimates, Zegna is back to being a Buy.

Zegna luxury brand store in Sofia, Bulgaria

Sergio Delle Vedove/iStock Editorial via Getty Images

After our recent analysis of Moncler called "Excessive De-Rating, Again A Buy," we believe that Ermenegildo Zegna (NYSE:ZGN) is worth deep consideration. In early December, the company presented

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