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Retail Earnings

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Moncler Group

Global luxury groups · MONC.MI

The Japan read

From the company's own filing for 9M 2026 (Jan–Sep) · revenue only · reported 2026-10-21 · the filing

Other callouts in the filing

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

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floortok holds 2 reported periods for this company.

9M 2026 (Jan–Sep) · revenue only · Year-to-Date

Reported 2026-10-21revenue only
Revenue€1.9bn+3.0%
Operating profit——
Net income——

The down-jacket maker grew nine-month revenue 6% at constant currency (+3% reported) to €1,895.4m; the third quarter was flat at €605.5m. Moncler brand sales rose 15% in Asia, a region the group reports together with Japan and Korea, against a 5% fall in EMEA. A revenue-only update with no profit figures.

H1 2026 (to June) · Year-to-Date

Reported 2026-07-22
Revenue€1.3bn+5.0%
EBIT€0.2bn+9.2%
Net income€0.2bn+7.3%

The down-jacket maker grew first-half revenue 9% at constant currency and lifted its EBIT margin to 19.0%. It doesn't break out Japan, folding it into an Asia region that rose 19% for the Moncler brand, with China and Korea outperforming in the second quarter.

  • Not disclosedMoncler does not report Japan separately; it sits in Asia (with APAC and Korea), where Moncler-brand revenue rose 19% at constant rates to €592.9m, slowing to +12% in Q2, with China and Korea leading.
  • JapanOn the results call, management said Japan grew only at a 'positive single-digit' rate in Q2 within Asia, and that spending by Japanese customers was 'flattish' by nationality.
  • SegmentStone Island's Asia revenue rose 25% at constant rates to €60.4m, and management called Japan and Korea 'very, very, very strong' for the brand.
  • BasisCurrency trimmed Moncler-brand Asia growth to 13% as reported from 19% at constant rates; Asia rose to 54.4% of brand revenue from 50.6%.
  • One-offEBIT absorbed €8.0m of one-off charges tied to the new governance structure, about 60 basis points of margin; the group expects roughly €10m for the full year.
  • OutlookNo numeric outlook: Moncler flagged a 'high level of uncertainty and volatility' going into H2, but still expects marketing spend of around 7% of full-year revenue.