Moncler S.p.A.

Moncler S.p.A. Earnings Recaps

MONC.MI Consumer Discretionary 1 recap
Q2 2026 Jul 24, 2026

Shares fell 7.8% as investors were likely disappointed by the marked deceleration in the core Moncler brand growth and cautious outlook implied by slowing momentum, despite stable revenue growth and maintained profitability.

Key takeaways
  • Group revenues grew 9% in H1 2026 at constant FX, but slowed to 5% growth in Q2.
  • Moncler brand, comprising 84% of sales, grew 9% in H1 but decelerated sharply to 3% in Q2.
  • Stone Island brand maintained a consistent 11% growth in both H1 and Q2.
  • EBIT margin held steady at 19% with reported operating profit of approximately EUR 245 million.
  • Strong net cash position of over EUR 1.1 billion at the end of June supports balance sheet flexibility.
Full recap

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