MONCLER said it is well-positioned to face geopolitical and macroeconomic uncertainty, after it reported an increase in sales for the first half of 2025. The Italian group, known for its puffer jackets, on Wednesday booked revenue of 1.23 billion euros ($1.45 billion) for the first half, 1% higher than in the year-earlier period at constant exchange rates. It also posted revenue of €396.6 million for the second quarter.
The result compares with analysts’ revenue expectations of €823.3 million for the first half and €402.1 million for the second quarter, according to a poll of estimates compiled by Visible Alpha. The higher sales figure comes at a time when most European luxury brands are struggling with constrained demand for high-end fashion and accessories.
“The first half of the year reminded us once again how unpredictable and complex the world can be, and how companies must remain vigilant and agile while continuing to nurture their brands,” Chief Executive and Chairman Remo Ruffini said.
By region, first-half sales for the Moncler brand in the Americas increased 1% at constant exchange rates compared with the same period in 2024, at a time when, along with other sectors, the luxury industry is dealing with uncertainty around President Trump’s tariffs.
The strong performance in the U.S. was driven by the business-to-customer channel, including Moncler’s store on New York’s Fifth Avenue, Roberto Eggs, chief business strategy at Moncler, told an earnings call. Meanwhile, first-half sales for the Moncler brand in Asia rose 4%, while those in the Europe, Middle East and Africa region fell 3% at constant exchange rates.
Net profit fell to €153.5 million in the first half from €180.7 million a year prior. Moncler’s update comes days after Swiss jeweler Richemont reported higher sales for its fiscal first quarter, helped by strong demand that allowed it to defy the wider slowdown in the luxury sector.
Burberry and Brunello Cucinelli also reported positive prints, while Swatch Group flagged a slump in sales in the key Chinese market. The owner of Louis Vuitton LVMH, which is considered a bellwether for the luxury sector, is scheduled to publish results on Thursday.
MONCLER FW 2025
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