Overview

• Moncler reported €829 million in Q1 2025 revenues, a 1% year-on-year increase, surpassing analysts' expectations of €817 million.
• Direct-to-consumer sales were the main growth driver, with the Moncler brand up 2% and Stone Island seeing a 12% increase in DTC despite an overall 5% revenue decline.
• Asia outperformed other regions, with Moncler brand sales up 6% in the region, driven by growth in China and Japan, while EMEA and Americas saw slight declines.
• The wholesale segment faced challenges due to delivery timing and distributor selection, contributing to weaker performance in EMEA and the Americas.
• Moncler confirmed no Spring/Summer U.S. price hikes despite potential tariffs, maintained production in Italy and Romania, and announced refreshed board leadership with Remo Ruffini as chairman.