From Yahoo Finance: 2025-04-16 12:56:00

Italian luxury outerwear brand Moncler exceeded revenue expectations with a 1% increase in the first quarter, reaching 829 million euros. Direct-to-consumer sales and Asian demand were key drivers. Moncler’s flagship brand sales rose 2%, while the smaller Stone Island brand saw a 5% decline despite strong direct sales in Asia. Moncler CEO Remo Ruffini emphasized operational discipline amid challenging macroeconomic conditions. The luxury sector, including Moncler and LVMH, faces pressure from U.S. tariffs and global luxury demand slowdown. Moncler’s success in Asia contrasts with a 5% drop in the Americas region.

Read more: Moncler’s first-quarter revenue beats expectations as Asian demand holds up