Observed Signal · Oct 22, 2026 · Earnings Report · Source: Retail-News · Impact: 1/5 · Sentiment: Negative
Moncler grows thanks to Asia; Europe and weak tourism weigh on revenue
Italian luxury group Moncler reported revenue of €1.895 billion for the first nine months of 2026, a currency-adjusted increase of 6% and a nominal increase of 3% from €1.841 billion a year earlier. Growth was driven by Asia, where revenue rose 15% to €822.7 million, representing 52% of brand sales. However, the third quarter lost momentum, with group revenue stagnating at €605.5 million as European demand softened due to reduced international tourist flows. EMEA revenue fell 5% in the nine-month period and 8% in Q3. Stone Island outperformed the core brand, growing 8% to €306.2 million, with particularly strong gains in Asia (23%) and the Americas (26%). The company opened seven new Moncler boutiques during the quarter, including in New York and Las Vegas, and expanded its Paris flagship. Executive Chairman Remo Ruffini emphasized a long-term brand strategy despite the challenging environment.
Brand news unrelated to advertising or marketing. Moncler is a fashion company, and the article reports general retail sales figures without any marketing, media, or advertising technology relevance.
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Key Takeaways & Evidence Grounding
- Moncler Group revenue reached €1.895 billion in the first nine months of 2026, up 6% currency-adjusted and 3% reported year-on-year.
- Asia drove growth with a 15% currency-adjusted revenue increase to €822.7 million, representing 52% of brand sales.
- EMEA revenue declined 5% currency-adjusted in the nine-month period and 8% in Q3 due to weak tourism.
- Stone Island revenue grew 8% to €306.2 million, with 23% growth in Asia and 26% in the Americas.
- Moncler operated 305 directly-owned boutiques as of September 30, adding seven new locations during the quarter.
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Hermès Growth Continues Despite Luxury Slowdown
French luxury goods group Hermès reported a 5.5% organic revenue increase in the first nine months of 2026, reaching €12.26 billion. Despite a challenging economic and geopolitical environment, third-quarter sales rose 5.5% on a reported basis to €4.096 billion. Leather goods, up 10.2% organically to €5.673 billion, remained the primary growth driver, supported by strong demand in the Americas (up 13.1%) and Japan (up 10.5%). Greater China sales were stable but faced difficult conditions, while the Middle East saw a 4.3% organic decline. Hermès continues to expand production in France with new workshops, and CEO Axel Dumas reaffirmed the company's long-term growth strategy. Full-year results will be published on February 12, 2027.
LVMH revenue stagnates in Q3, China weighs
French luxury group LVMH reported revenue of €57.15 billion for the first nine months of 2026, a nominal decline of 2% year-over-year, but organic growth of 2%. In Q3, organic growth slowed to 1%, with weakness in China impacting the Fashion & Leather Goods division, which saw organic sales drop 5% in the quarter. Growth was driven by Watches & Jewelry (organic +8% in nine months) and Selective Retailing (organic +6%), notably Sephora. Currency effects negatively impacted reported revenue by 3 percentage points. The company divested Marc Jacobs to WHP Global on September 1, 2026. Despite uncertainties, LVMH plans to continue investing in product development and retail concepts.
Richemont Posts Double-Digit Revenue Growth
Swiss luxury group Richemont reported currency-adjusted revenue growth of 11% to €22.4 billion for the 12 months to end-March 2026, driven by a 17% sales increase in the Americas. Annual profit rose about one quarter to €3.48 billion. The company said the conflict in the Gulf region reduced demand and tourism, causing a 3% decline in the Middle East & Africa segment in the three months to end-March. Richemont cited higher gold prices and travel-cost pressures as headwinds, and the group did not provide a formal forecast. Chairman Johann Rupert highlighted continued strength in the US economy. Richemont shares fell roughly 1% on the news, and analysts had expected slightly stronger results.
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