Mytheresa sees fiscal 2023 net sales up 9%-11% to EUR 750M-765M

Sees fiscal 2023 gross merchandise value growth of 13%-15% to EUR 845M-860M. The company said, "Despite the near-term headwinds that we regard as transitory, we remain confident in our strategy and mid and long-term goals. We will deliver profitable growth for the full fiscal year 2023 regardless of persisting macro headwinds and increasing promotional intensity in some geographies. This speaks to our unique positioning and resilient business model." It added, "Mytheresa’s previous outlook, from February 2023, pointed to the lower end of the given range for top and bottom line. As the fiscal year unfolds, significant uncertainty persists regarding the multi-faceted challenges in the macro environment and their impact on the company, including recent concerns over the financial sector, persistent inflationary pressures and increased promotional intensity by other players putting pressure on gross margins."