Cettire’s sales revenue declined 3 per cent year over year to $150.4 million in the fiscal first quarter amid a decline in its active customers.
During the period ended September 30, 2025, the company’s active customers fell 8 per cent to 640,654. Meanwhile, average order value grew 17 per cent to $907.
Gross revenue slid 1 per cent to $196.7 million while gross revenue from repeat customers inched higher to 68 per cent from 67 per cent.
“While the USA continues to experience some headwinds related to a softer consumer environment and changes in trade policy, Cettire’s business outside of the USA experienced strong sales acceleration in the quarter, with gross revenue increasing 18 per cent year-on-year,” said Dean Mintz, Cettire’s founder and CEO.
“The company’s delivered margin as a percentage of sales was 15 per cent for the quarter, reflecting an improvement versus Q4 FY25. Strong returns on marketing investment led to a reduction in marketing spend relative to sales, which was below 6 per cent for Q1 FY26.”
Moving forward, Cettire said its immediate target is to deliver ongoing profitability in the fiscal second quarter. It is also continuing its focus on further geographic diversification of its revenue base.
The company noted persisting uncertainty within the global luxury market, particularly in the US, its largest market.
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