Moncler Reports Flat Third Quarter Revenue
Italian luxury group Moncler reported flat third quarter revenue as weaker tourist spending in Europe weighed on results. Group sales reached 606 million euros, beating analyst expectations. Stone Island revenue grew by five percent.
Insights:
Moncler reported flat third-quarter revenue totaling €606 million ($680 million) on Wednesday afternoon, constrained by slower tourist spending across Italy and the broader European market. The performance exceeded analyst consensus expectations of €597 million compiled by the company. The group's smaller Stone Island label supported the results with a 5% revenue increase.
