Moncler Q3 Sales Fall 1% Amid Regional Variances, China and Americas Outperform

Moncler Group reported a 1% decline in third-quarter revenues at constant exchange rates, totaling €615.6 million, slightly beating analyst expectations. The group's revenue for the first nine months remained stable overall at around €1.84 billion, with the Moncler brand generating €1.55 billion and Stone Island contributing €288.1 million. While sales in the Americas rose by 5% and China outperformed the rest of Asia, weaker tourist demand impacted performance in Europe, Japan, and parts of Asia such as Japan and South Korea. Direct-to-consumer sales remained flat for Moncler and increased for Stone Island, while wholesale revenues declined, with Moncler anticipating a mid-single-digit decline in wholesale for the full year, an improvement from earlier forecasts of a high-single-digit drop. The company highlighted strategic initiatives like the Warmer Together campaign and the establishment of its Milan headquarters, signaling a focus on long-term brand value despite challenging market conditions. Moncler's executives noted positive U.S. performance, with concerns about dollar deterioration affecting future results, and planned modest price increases next year.