The Moncler Group’s two brands (the eponymous Maison and Stone Island) posted a decline in the third quarter of 2024. But while Moncler, the group’s driving force, held up well over the first nine months of the year, Stone Island fell back.
Moncler, owner of the eponymous brand andof Stone Island, fell back in the third quarter of 2024, which ended in September.
Over the first nine months of the year, the eponymous luxury down jacket brand continued to show resilience, while its little sister Stone Island fell back slightly.
While the big names in luxury goods such as Kering – and to a lesser extent LVMH – have suffered over the last three months from the slowdown in the sector, the Moncler Group itself posted a 3% decline at constant exchange rates to 635.5 million euros. This was less than analysts’ consensus expectations (645 million euros).
Poor trend in wholesale sales
For the first nine months of the year, sales were still up 6% at constant exchange rates (+3% at current exchange rates), at 1.86 billion euros.
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Featured Photo: © Moncler
