Overview
Italy luxury outerwear maker's Q1 revenue rose 12% cFX to EUR 881 mln
Growth driven by double-digit gains at Moncler (+12%) and Stone Island (+11%) brands
Company saw strong DTC channel and Asia performance, while EMEA growth was subdued
Outlook
Company did not provide specific guidance for the current or future periods in the press release
Result Drivers
DTC CHANNEL - Moncler said strong growth in direct-to-consumer channel drove revenue at Moncler brand, with DTC up 14% cFX YoY
ASIA PERFORMANCE - Revenues in Asia rose 22% cFX YoY for Moncler brand, supported by positive contributions from local customers and tourists, with China and Korea outperforming
EMEA SUBDUED - EMEA revenue declined 1% cFX YoY for Moncler brand, mainly due to ongoing subdued tourism flows into the region
Company press release: ID:nBIA8x2StX
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 880.6 mln
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)