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Moncler Sales Recover During Spring Quarter

The luxury outerwear brand grew 5 percent compared to 2019′s pre-pandemic level.
Moncler showed signs of recovery in its earnings call. Shutterstock.
Moncler's eponymous brand more than doubled its sales in the second quarter. Shutterstock.

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.

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 percent 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 percent. 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.

By Claudia Cristoferi; Editing by Valentina Za

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