LuxExperience posted its second straight quarter of positive group adjusted EBITDA in Q3 FY26, at 0.9% margin on flat constant-currency net sales of 618 million euros. Mytheresa's EBITDA jumped 50% to 14.1 million euros. NET-A-PORTER, MR PORTER and YOOX are mid-repair.
The group is debt-free with 436 million euros in cash and is sticking to its plan. On May 19, 2026 , LuxExperience Group reported third-quarter results for fiscal 2026 and said it had delivered positive adjusted EBITDA for the second consecutive
quarter, confirming full-year guidance with the transformation plan fully on track . If the name is unfamiliar, the brands are not. LuxExperience is the company Mytheresa became after it completed its acquisition of YOOX Net-a-Porter from Richemont in April 2025 and rebranded the enlarged group.
It now operates four store brands across two segments: the luxury trio of Mytheresa, NET-A-PORTER and MR PORTER , and the off-price site YOOX . This is, at heart, a digestion story. A smaller, profitable, well-run business swallowed a larger, troubled one and is now applying its own operating model across the whole portfolio.
One year in, the Q3 numbers make the internal hierarchy unmistakable: Mytheresa is doing the heavy lifting, the acquired NET-A-PORTER and MR PORTER are improving but not yet pulling their weight, and YOOX is being deliberately shrunk to a healthier core.
The interesting question for retail is whether the Mytheresa playbook actually transfers. Q3 FY26 by segment, at a glance Segment / brand Q3 FY26 net sales Adjusted EBITDA Direction Group €618.4M, flat CCY (-5.2% reported) €5.7M (0.9% margin) 2nd straight profitable quarter Mytheresa (luxury) €256M, +9.9% CCY (+5.6%…
