The luxury apparel brand’s bottom line slipped 2% to €626,670,000 ($708.1 mm) last year from €639,596,000 as revenue inched up 1% (+3% CC) to €3,132,128,000 ($3,539.3 mm) over €3,108,924,000, continuing the slowdown from 2024’s mid-singles gains and its historic double-digit growth pace. The year closed out with revenue up 7% CC for Q4, with all quarterly results given in constant currency. Full-year gross margin was flat at 78.1%, while OpEx ticked up 1% in Euros, deleveraging 30 b.p. to 48.9%.

Moncler brand sales increased 1% (+3% CC) to €2,720.9 million. DTC registered ... Log in to view full article.