Brunello Cucinelli first quarter revenueS up 14% on strong demand from Americas, Asia

Brunello Cucinelli SpA

09/04/2026 17:07

MILAN, April 9 (Reuters) - Revenues at Italian luxury group Brunello Cucinelli BCU.MI rose 14% at constant exchange rates in the first quarter to 369 million euros ($432 million), driven by strong sales in the Americas and Asia. At current exchange rates, revenues were up 8.1%.

Q1 revenues beat market expectations. An analysts' consensus by Visible Alpha envisaged 361 million euros, according to Italian broker Equita.

Cucinelli confirmed its expectation for sales growth of around 10% in both 2026 and 2027.

Sales in the Americas rose an annual 20.3% in Q1.

Retail sales rose 20.1% in the January-March period, while the wholesale channel reported a 4.3% increase at constant currency.

Shipments to U.S. retailer Saks Global resumed in mid-January, with payments made on a regular basis.

Revenue growth generated with Saks Global since the beginning of the year is in line with the same period of 2025.

Middle East accounted for around 5% of the company's annual total revenues last year.

"The latest deliveries of the Spring-Summer 2026 collections are managed considering the current context in the Middle Eastern area", the company said in a statement.

($1 = 0.8549 euros)

 (Reporting by Elisa Anzolin, editing by Gavin Jones)

 ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))