Tod's sales jump 40% in 2021, beating expectations

Sales at Italian fashion group Tod's in 2021 rose by 40%, the first increase after five years of consecutive declines, beating market expectations.

Last year's revenues totalled 883.8 million euros ($997.10 million), and stood just a touch below pre-pandemic levels, the luxury leather goods maker said on Tuesday.

That compared with an analyst consensus distributed by the company of 842 million euros on average.