Report
Jean Danjou

Moncler : Caught in the sector slowdown

>Sharp slowdown confirmed in Q2 with traffic conditions under pressure in most zones - After two straight quarters of strong performances by the Moncler brand (Q4 2023 growth at +17% y-o-y cc, Q1 2024 at +20%) lifted by very positive scores in the Asia zone (at respectively +28% and +26%), the group indicated at the Q1 sales release that the trend in Q2 was towards normalisation and this slowdown seems to be completely confirmed with less favourable traffic condition...
Underlying
Moncler SpA

Moncler is a jacket and sportswear production group based in Italy. Co. directly produces and distributes its own clothing and accessories collections, through its direct boutiques and exclusive department and multibrand stores. Co. branded products range from the high fashion segment with the Gamme Rouge and Gamme Bleu collections (exclusive products and selected distribution to boutiques) to the Grenoble collection (sporting and technical garments). As of Dec 31 2013, Co. operated a network of 135 stores, including 107 directly operated stores (DOS) and 28 wholesale stores (27 shop-in-shop and 1 franchise store).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jean Danjou

ResearchPool Subscriptions

Get the most out of your insights

Get in touch