Moncler Reports 1% Revenue Growth to €829 Million in Q1

Moncler Group reported a 1% year-on-year increase in first-quarter revenues to €829 million, surpassing analyst expectations, primarily due to robust direct-to-consumer sales and strong demand in Asia, particularly from China and Japan. The Moncler brand saw a 2% rise in sales, while Stone Island's revenues declined by 5%, despite double-digit DTC growth, with both brands experiencing wholesale declines. Asia was the standout region with sales up 6% for Moncler and 15% for Stone Island, while EMEA and the Americas experienced slight decreases. Company executives highlighted ongoing macroeconomic instability and geopolitical uncertainty, including concerns over U.S. tariffs and a weaker American economic outlook, as challenges for the luxury sector. Moncler stated it has no plans to move manufacturing to the U.S. and remains focused on its brand-first strategy and operational discipline. The group is also set to add Alexandre Arnault to its board following a deal with LVMH.