Moncler S.p.A. (MONC) Earnings Call Transcripts

Moncler S.p.A.'s Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal year 2026, Moncler S.p.A. reported revenues of EUR 881 million, reflecting a 12% increase year-on-year at constant foreign exchange rates, and a 6% increase in reported terms. The Moncler brand achieved revenues of EUR 767 million, up 12% year-on-year at constant FX, while Stone Island revenues reached EUR 140 million, up 11% at constant FX. Management maintained its guidance for wholesale revenues to be flattish for the fiscal year, indicating stable performance expectations despite regional variances in growth rates.

Reported metrics

Guidance from management

Management maintained its guidance for wholesale revenues to be flattish for the fiscal year, indicating stability in expectations despite regional variances in growth rates.

What management said

About Stone Island, Melania, let me comment Q1 first, which is the third quarter in a row we report double-digit growth for Stone Island and important to highlight, of course, something I'm sure you saw growth comes mostly from the DTC channel. And let me say that the total -- the totality of that growth rate is organic only because, I mean, there is no space that impacted that growth rate. So very happy about the cu...

Okay, Natasha. Thank you for your questions. Starting from the second question about rotation facing margin, what I can tell you is, of course, not about the margin, but I can tell you that we're talking about A&P, advertising and promotion marketing the timing between [indiscernible] and this year is expected to be substantially in line with last year. So nothing materially different this year from last year. Talkin...

What analysts pressed on

Analysts expressed concerns about the impact of declining tourism on EMEA sales and questioned the sustainability of growth in the Chinese market. There were also inquiries regarding the effectiveness of recent store openings and the potential for margin expansion amidst changing consumer behaviors.

Main topics on the call

• Strong Brand Engagement — Management highlighted exceptional brand engagement, particularly for Moncler Grenoble, stating, "This has been an amazing quarter for the brand, probably the best we have ever seen in terms of brand impact and engagemen...
• Regional Performance Disparities — Asia was the best-performing region with a 22% growth, while EMEA revenues declined by 1%. Management noted, "Still subdued tourism trends from customers overseas" impacted EMEA, contrasting with strong local consumption...
• Direct-to-Consumer (DTC) Growth — Moncler's DTC revenues increased by 14% at constant currencies, with strong retail KPIs. The management stated, "Physical retail has continued to outperform the online channel," indicating a shift in consumer purchasing ...
• Stone Island's Continued Momentum — Stone Island reported an 11% revenue increase, driven by strong DTC growth of 17%. Management emphasized that this growth was organic, stating, "The totality of that growth rate is organic only because... there is no spa...

Read the full Moncler S.p.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 Moncler S.p.A. earnings call transcripts on record, spanning February 10, 2020 to July 22, 2026. Based on this history, Moncler S.p.A. reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MONC

Exchange

BIT

Country

IT

Sector

Consumer Discretionary

Industry

Textiles, Apparel and Luxury Goods

Calls on record

28

First call

February 10, 2020

Most recent

July 22, 2026

Reporting cadence

quarterly