US Top News and Analysis | Moncler shares struggle despite defying luxury's Middle East slump
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Moncler posted first‑quarter results that beat expectations, with group sales of €881 million (vs. the €827 million analysts had forecast) and a strong 22 % year‑on‑year rise in Asia sales, while Americas sales grew 7 % and EMEA sales fell 1 % amid softer tourism and weak online performance. Despite the earnings surprise, the stock slipped about 3 % on Wednesday before paring losses to about 1 % down, as analysts warned of possible profit‑taking and a seasonal lull after the upbeat numbers. The Italian luxury outerwear brand was less affected by the Middle‑East conflict than peers such as LVMH, Kering and Hermès, and benefited from a series of Chinese‑market activations that boosted demand for heavier jackets; Jefferies raised its price target to €60 from €54, while Barclays noted the “100‑day” campaigns helped improve the product mix, though investors remain cautious about whether the brand can sustain momentum in warmer months.
#Moncler #LVMH #Kering #LucaSolca #CaroleMadjo
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