Group consolidated revenues rose 6 percent on a constant currency basis to €1,865.7 million for Moncler. The gain was lower than the 11 percent increase reported for the six months ended June 30. Once again, the DTC channel paced growth in the period, rising by 13 percent to €1.26b within the Moncler segment and 29 percent at Stone Island to €313.2 million. Wholesale revenues fell 7 percent on a constant-currency basis to €313.2 million. 

By geography, the EMEA was again the strongest region for the Milan-based luxury group, with constant-currency sales improving by 6 percent year-over-year to €603.4 million. Fewer tourists in Japan, combined with challenging macroeconomic conditions, impacted nine-month sales in Asia. Constant-currency sales rose by 11 percent in Asia to €750.8 million. Sales in the Americas increased by 3 percent to €219.1 million. 

Within Stone Island, the EMEA is also the most important region for the brand. EMEA revenues declined by 9 percent on a constant-currency basis to €203.9 million, with a decline in the wholesale channel offset by a double-digit gain for the Dtc segment. Sales in Asia, meanwhile, rose by 23 percent to €68.1 million, although Q3 results remained soft in Korea. Results in China and the remainder of APAC slowed down sequentially because of a more difficult macroeconomic environment. America’s sales sunk 24 percent to €20.5 million. 

The group ended the nine months with 285 mono-branded Moncler stores, including 144 in Asia and 95 in the EMEA. Stone Island’s door count was 91 on Sep. 30, including 28 in the EMEA and 56 in Asia.

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