Moncler Group’s consolidated nine-month revenues rose by 17 percent in constant currency to €1,806.3 million from €1,556.6 million for the period ended Sept. 30. Moncler brand revenues increased by 21 percent in constant currency to €1,496.3 million, driven by ongoing strong growth in the direct-to-consumer channel that increased 18 percent in Q3 with a positive contribution from all geographic regions despite difficult comparisons. Stone Island’s nine-month sales increased by 3 percent in constant currency to €310.1 million, with double-digit growth in d-t-c in Q3 and solid performances in the EMEA and Japan.
By region, Moncler sales rose by 19 percent in the EMEA over the period to € 573.2 million, with growth slowing to 6 percent in Q3 due to a normalization in local consumption and a slower recovery in tourism compared to H1. The company said Chinese, Korean, and American customers made most tourist purchases. Asia sales improved by 32 percent to €705.3 million for the nine months and were up by 22 percent in Q3 due to a more difficult, year-over-year comparison in China. Americas’ revenues, meanwhile, fell by 4 percent over the nine months and by 14 percent in Q3, largely due to conversions of Nordstrom and part of Saks from a wholesale to a d-t-c business model.
At Stone Island, EMEA nine-month sales rose by 3 percent on a constant-currency basis to €225 million, with Q3 revenues coming in flat as a double-digit d-t-c channel gain offset a decline in the wholesale segment. Asia sales increased by 14 percent over the period to €57.8 million and inched 1 percent higher in Q3, with a strong performance in Japan offsetting weakness in South Korea. Americas’ revenues dipped by 18 percent to €27.2 million for the nine months and were down 2 percent in Q3 on softer trends and more cautious buying from department stores.
