×
By
Reuters
Published
Jul 27, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Moncler's own brand sales rebound above pre-pandemic levels in Q2

By
Reuters
Published
Jul 27, 2021

Revenues at Italian luxury down jacket maker Moncler topped analyst expectations in the second quarter helped by easing COVID-19 restrictions, adding to evidence of a sharp rebound in the sector.


Photo: Moncler



Moncler more than doubled sales of its eponymous brand in the period, surpassing pre-pandemic levels, with the recent acquisition of high-end streetwear brand Stone Island Moncler further boosting group revenue starting from April.

Excluding the Stone Island's acquisition, Moncler's revenue jumped 118% to 200 million euros in the April-to-June quarter from the same period of last year, which was the hardest hit by the pandemic with shops shut and international travel brought to a standstill.

Compared with the second quarter of 2019, Moncler's sales were up 5%. The second quarter historically accounts for only a fifth of full-year sales due to the seasonality of the brand.

Stone Island's second-quarter sales totalled 56.2 million euros, Moncler said.

Consolidated revenues came in at 256.3 million euros in the quarter, above an average analyst forecast of 248 million euros, according to a consensus provided by the company.

 

© Thomson Reuters 2021 All rights reserved.