Q2 SALES FIRST TAKE - Strong

研报英文原文证据摘录

Q2 SALES FIRST TAKE - Strong

Olivia Petronilho - Specialist Sales - European Consumer AC (44-20) 3493-3709 Europe Specialist Sales J P M O R G A N

olivia.b.petronilho@jpmorgan.com JPM | ZEGNA - Q2 SALES FIRST

J.P. Morgan Securities plc TAKE - Strong

23 July 2026

Airlines Research

Harry Gowers harry.gowers@jpmorgan.com

Beverages, Food Producers, HPC & Tobacco Research

Celine Pannuti celine.pannuti@jpmorgan.com

Edward Hockin edward.hockin@jpmorgan.com

Food Retail Research

Borja Olcese franciscodeborja.olcese@jpmorgan.com

Palak Garg palak.x2.garg@jpmorgan.com

General Retail Research

Georgina Johanan georgina.s.johanan@jpmorgan.com

Leisure & Hotels Research

Estelle Weingrod estelle.weingrod@jpmorgan.com

Karan Puri karan.puri@jpmorgan.com

Luxury & Sporting Goods Research

Chiara Battistini chiara.x.battistini@jpmorgan.com

Wendy Liu wendy.liu@jpmorgan.com

Apurva Vishwaraj apurva.vishwaraj@jpmchase.com

Victoria Saden victoria.saden@jpmorgan.com

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You are receiving this email because you are a client of J.P. Morgan. If you would like to stop receiving the Consumer Sector Specialist Commentary please email Olivia Petronilho at

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This material has been prepared by personnel in the Sales & Trading Department and may include non-independent research (investment recommendations) which, for the purposes of MiFID 2

compliance, may also constitute a marketing communication. As such, this material has not been prepared in accordance with legal requirements designed to promote the independence of Investment