First half net income declined 31% to €145,351,000 ($158.2 mm) from €211,254,000 on revenues that were up 24% to €1,136,590,000 ($1,236 mm) from €918,374,000, hitting the billion Euro mark in H1 for the first time. Moncler brand sales were up 29% to €935.0 million, with DTC sales gaining 36% to €757.5 million and wholesale coming in +5% at €177.5 million. Gross margin increased 110 b.p. to 74.9% on a higher DTC mix. SG&A was up 27% in Euros on a spike in marketing spend as activities shifted forward into H1, and ... Log in to view full article.