Tod's Q1 sales hit by coronavirus

In the first quarter, consolidated sales at Tod’s S.p.A., were 152.8 million euros (164.8 million dollars), down 29.4 percent from Q1 2019, also due to the very prudent approach used for deliveries to both the distribution channels. The company said in a statement, currency fluctuations gave a small positive contribution; at constant exchange rates, meaning by using the average exchange rates of Q1 2019, including the related effects of hedging contracts, sales would have been 152 million euros, down 29.7 percent from Q1 2019.