Moncler S.p.A. reported sales grew 23 percent at both a reported and currency-neutral basis in the first quarter with healthy double-digit growth in the DTC channel at both the Moncler and Stone Island brands.

Sales reached €726.4 million in the period against €589.9 million in the first three months of 2022. Highlights include:

Moncler Brand
Revenues at €604.8 million,  up 28 percent at current and constant exchange rates compared with the first three months of 2022.

  • Strong double-digit growth in the DTC channel, up 34 percent currency-neutral, accelerating sequentially compared to the previous quarter.
  • Great performance in Asia (+32 percent currency-neutral), boosted by Chinese demand after the lifting of COVID-related restrictions and growth in Japan and Korea.
  • Solid growth in EMEA (+29 percent currency-neutral), driven by local demand and tourist purchases.
  • Americas increased 9 percent currency-neutral, accelerating sequentially compared to the previous quarter, notwithstanding a large number of U.S. tourists buying outside of the region.

Stone Island Brand
Revenues at €121.6 million, up 5 percent currency-neutral (+4  percent at current exchange rates) compared with  €116.5 million of the first three months of 2022 and strong double-digit growth in the DTC channel (+40 percent currency-neutral), driven mainly by EMEA.

Remo Ruffini, chairman and chief executive officer of Moncler S.p.A., commented: “We are extremely satisfied with the results achieved in this first quarter of the year, with Group revenues growing by 23  percent at constant exchange rates. Both our brands recorded strong double-digit growth in the DTC channel, reflecting their very solid momentum, a strong connection with consumers and the excellent execution of our strategy.

“We have kicked off the year with a new chapter for Moncler Genius. With an extraordinary event at Olympia London that saw the participation of over 12,000 people and achieved an unprecedented reach & engagement, Moncler Genius has evolved from a universe of collaborations into a real platform for co-creation among different sectors, showcasing the cultural relevancy of the brand worldwide. In the coming months, our focus remains firmly on both the development of the three dimensions of the Moncler brand and the evolution of Stone Island, in order to make our brands even stronger and more distinctive. The year has just begun, the geopolitical context remains uncertain and the most important months are still ahead of us, but we are ready to face them and to capture new exciting opportunities.”