Tod's sales decline 4.1 percent in FY17

According to the preliminary results for the full year, Tod’s Group consolidated sales were 963.3 million euros (1,196.6 million dollars), down 4.1 percent from FY 2016. In the fourth quarter, the company said, sales totalled 241.1 million euros (299 million dollars); the trend was slightly negative, but better than in the first nine months of the year. At constant exchange rates, Tod’s said, sales would have been 973.4 million euros (1,208 million dollars), down 3.1 percent from the previous year.