Moncler Bounces Back to Near 2019 Levels in Q1
First quarter revenues expanded by 18% at the luxury outerwear brand to €365,459,000 ($440.4 mm) from €310,108,000 million and were up 21% in constant currency, driven by strong results from China, Korea and North America. The results were just 3% lower than in Q1, 2019, despite continued store closures at about 25% of stores and retail traffic restrictions in some countries. Retail sales were up 18% to €279.2 million, led by the gains in China and e-commerce growth in all markets. Wholesale grew by 17% to €86.3 million with good Spring/Summer sell-in and increased sales to e-tailers. MONC completed the ... Log in to view full article.