The Moncler Group’s revenues grew by 55 percent on a currency-neutral basis to €555.5 million in the third quarter, including €100.1 million in incremental sales from the recently acquired Stone Island brand, whose results were consolidated as of April 1. Accelerating from the first half, the core Moncler brand saw its sales rise by 26 percent to €455.3 million, with the direct-to-consumer (DTC) channel recording a growth of 40 percent to €283.7 million and wholesale revenues rising by 8 percent to €171.6 million. DTC revenues improved in EMEA, but they grew the most in China, Korea and the U.S.
All regions were up significantly. Asia led with 28 percent higher revenues of €185.4 million, driven by sales in China that more than doubled, in contrast with those of other Western brands. Sales in the EMEA region increased by 25 percent to €191.3 million, while those in the Americas region went up by 23 percent to €78.7 million.
As compared to the same period of 2019, Moncler’s sales were 10 percent higher. In Asia and the Americas, they improved by 18 percent and 14 percent, respectively, but EMEA lagged behind with a drop of 12 percent, as the region suffered from the absence of free-spending foreign tourists.
Nine new Moncler stores opened in the quarter, ending with a total of 233 doors. The number of shop-in-shops increased by one to 64. Stone Island, which registered “solid” growth during the quarter, had 30 full-line and 58 shop-in-shops at end of the period.
For the first nine months of this year, the group reported increases in sales for the Moncler brand alone of 33 percent in euros and 36 percent in local currencies, reaching a total of €1,020.9 million. They were 4 percent above the level of the comparable 2019 period in terms of constant currencies.
