Reported 28 days ago
Moncler reported a 3% decrease in third-quarter sales, slightly exceeding analyst expectations, as demand weakens across all major markets. The luxury outerwear brand faced challenges due to reduced consumer spending, particularly in China. Despite a successful Golden Week, total revenue of 635.5 million euros fell short of the projected 645 million euros. The company noted a 9% drop in wholesale revenue, impacting its key sales period, and experienced widespread sales declines across regions, indicating a volatile market environment.
Source: YAHOO