Moncler Group reported a 12% increase in first-quarter revenues to €880.6 million, driven by strong performance in Asia and the Americas. The company highlighted robust growth for both Moncler and Stone Island brands amid global challenges. Executives emphasized brand engagement and strategic shifts under new leadership.
Moncler Group announced on Tuesday that its revenues for the first quarter of fiscal 2026 rose 12% year-on-year to €880.6 million. Moncler brand sales climbed 12% to €766.5 million, while Stone Island revenues increased 11% to €114.1 million. The growth came despite a slight dip in the EMEA region due to reduced tourism flows, executives told investors during the earnings call. Remo Ruffini, who became executive chair on April 1, stated, “What clearly emerged... both Moncler and Stone Island have shown strong energy and cultural relevance.” Bartolomeo Rongone took over as CEO at the start of the month. Ruffini added, “As we move into the next phase... guided by our clear strategic vision.” Asia fueled much of the expansion, with Moncler up 22% to €433 million, led by China and South Korea, and Stone Island surging 25% to €35.4 million. In the Americas, Moncler grew 7% to €95 million, though chief corporate and supply officer Luciano Santel noted underpenetration in smaller US cities. Stone Island saw 24% growth there to €7.5 million. EMEA revenues for Moncler fell 1% to €238.5 million, but Stone Island rose 3% to €71 million. Santel described Stone Island's progress as organic after prior challenges. Strategic planning director Elena Mariani called it the best quarter for Moncler brand impact, citing the Moncler Grenoble line's Aspen store opening and Winter Olympics uniforms for Team Brazil. The Middle East conflict affected only 2% of business, per Santel. Looking ahead, the group launched its Have a Puffy Summer campaign featuring Jamie Dornan to build year-round appeal.