Revenues at Moncler fell 1% at constant exchange rates in the third quarter, hit by weak tourist demand in Europe and Japan despite an increase in sales in the Americas. Moncler posted revenues of 616 million euros ($718 million) for the July-September period, above a company-provided analyst consensus forecast of 604 million euros.
For Moncler, the Americas and China outperformed other regions, with revenues up 5% for the former. (Moncler did not break out China revenue growth, but said that it outperformed the rest of Asia, which was flat year-on-year.)
“Bear in mind that [the Americas] has been particularly penalized by the wholesale performance, which was negative in the quarter, and this has partly affected the double-digit growth registered by the DTC channel, which was driven by local US consumption,” Mariani said.
EMEA (Europe, the Middle East and Africa) revenues were down 4%, and Japan also underperformed. Both were primarily affected by weak tourism flows, as with the previous quarter, executives flagged; Luciano Santel, group chief corporate and supply officer, said that less Americans in both Europe and Japan was most impactful.
Last week, Moncler opened ‘Casa Moncler’ as its new headquarters in Milan, Italy. Measuring 77,000 square metres, the six-storey, 32-metre-high building features a showroom and a green space and brings together all of the brand’s Milan-based employees, who were previously spread across three different sites.

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