Italian luxury down jacket maker Moncler has exceeded expectations with a remarkable 55% growth in revenues in the third quarter of this year. The brand experienced robust sales in North America, China, and South Korea, which played a significant role in driving its increased revenue.

Renowned for its high-quality down jackets, Moncler reported a 27% increase in brand sales at constant exchange rates compared to the previous year, totaling €455 million ($531.62 million). This figure is also 10% higher than the third quarter of 2019, signaling a strong recovery since the onslaught of the pandemic.

Following an extraordinary boost in revenue during the second quarter of this year, where figures more than doubled compared to 2020, the sales growth in the third quarter stood at 5% above the levels of the same period in 2019.

Moncler’s acquisition of the Stone Island brand, which was incorporated into its accounts in April, further contributed to its overall sales performance. Stone Island generated €100 million in sales, resulting in a consolidated group sales figure of €555.5 million. This represents a 33% increase from the same period in 2019.

Industry analysts had projected total sales of €538 million for the quarter, with €446 million originating from the Moncler brand and an additional €92 million from Stone Island. These figures were provided by the company as a consensus to the analysts.

Moncler’s exceptional sales growth in the third quarter not only underlines the brand’s resilience but also demonstrates its unwavering popularity in key markets. The brand’s success in North America, China, and South Korea highlights its ability to attract customers even amidst challenging economic conditions. With the rising demand for luxury outerwear, Moncler is well-positioned to capitalize on current market trends.

Moreover, the strong performance of the recently acquired Stone Island brand further solidifies Moncler’s position in the luxury fashion industry. Expanding its product portfolio and target audience, the inclusion of Stone Island enhances the brand’s overall growth prospects.

Overall, Moncler’s sales growth in the third quarter emphasizes its strength and ability to adapt to changing market dynamics. As the world gradually recovers from the impact of the pandemic, Moncler remains poised for future success in the luxury fashion sector.

Useful Links:
1. Moncler Official Website
2. Business of Fashion: IPO Boosts Moncler Sales Amid Tough Quarter