While the Italian luxury group’s third-quarter results were in line with analysts’ forecasts, sales slowed between mid-September and mid-October.
Moncler down jackets may be adaptable, but they don’t take too kindly to global warming…
Admittedly, the Italian luxury goods group, which includes the eponymous brand as well as the Stone Island label, did not fall short in the third quarter of 2023. However, its management reported a slowdown in sales in September and October, months during which the Indian summer was not very conducive to sales of hot back-to-school pieces.
Moncler reported sales growth of 7% at constant exchange rates to 670 million euros ($705 million) for the July-September period. This performance was in line with analysts’ consensus forecasts.
Asia up, America down
These very respectable results were driven by the dynamic performance of the eponymous brand, particularly in Asia.
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Featured Photo: Moncler x Adidas
