Moncler Publishes Transcript of Nine-Month 2026 Results Conference Call

By Public Technologies
  • Moncler held its nine-month 2026 results conference call on October 21 with management representatives Luciano Santel and Elena Mariani.
  • Third-quarter revenue was flat at EUR 606 million; the flagship brand’s direct-to-consumer sales fell 2% at constant currencies.
  • Traffic remained soft entering the fourth quarter, despite strong Golden Week trading in China; warmer weather continued to weigh on demand.
  • Santel described a 29% operating margin as an ambition, not guidance, achievable if revenue meets consensus.
  • Stone Island wholesale sales face a double-digit fourth-quarter decline as delivery timing reverses, leaving full-year wholesale revenue flat.


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