Brunello Cucinelli rises on 'very high quality' Q1 performance

Ermenegildo Zegna NV

10/04/2026 08:17

** Shares in Brunello Cucinelli BCU.MI rise 4.2% after better-than-expected Q1 performance, with revenues up 14% to 369 million euros ($431 million)

** J.P. Morgan highlights a "very high quality" Q1 performance, flagging sales growth beat by 10%, helped by the performance in North America and Asia

** Sales were helped by a 20% jump in retail sales, above JPM's forecast of 15%, the broker adds

** The broker also points to the management's confirming that March trading remained consistent with the first two months of the year despite disruption in the Middle East

** Cucinelli "will likely stand out as the best grower" in luxury, JPM says, alongside Zegna JN0.F and Richemont CFR.S, supported by its relatively small scale and niche positioning, limited exposure to tourism and the Middle East

($1 = 0.8557 euros)

(Reporting by Laura Contemori)

((Laura.contemori@thomsonreuters.com))