Finance
Moncler's revenues slipped in second quarter, hit by lower tourist spending
Published by Global Banking & Finance Review®
Posted on July 23, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 23, 2025
2 min readLast updated: January 22, 2026
Moncler saw a 1% revenue drop in Q2, mainly due to reduced tourist spending in Europe and Japan, affecting its sales performance.
MILAN (Reuters) -Italian luxury outerwear group Moncler reported on Wednesday a 1% decline at constant exchange rates in second quarter revenues, with its key eponymous brand affected by a decline in tourist spending in Europe and Japan.
For the Moncler brand, sales in Asia slowed compared with the first quarter and were flat, mostly due to softer tourist flows in Japan, the group said.
Revenues in the Europe and Middle East region were down 8%, while sales in the Americas remained positive.
Half-year consolidated revenues totalled 1.23 billion euros ($1.41 billion), broadly in line with a company-provided consensus.
The first half operating profit declined 13% to 225 million euros, still slightly above analysts expectations, with marketing expenses weighted towards that period.
"Entering the second half of 2025, uncertainty in the global geopolitical and economic landscape remains elevated," Moncler said in a statement.
"The group continues to prioritise operational agility, while steadily investing in its organisation, talent, and distinctive brands," it added.
The Stone Island clothing brand is also part of the group.
The luxury industry is experiencing a prolonged downturn, which has been compounded by the uncertainty unleashed by U.S. President Donald Trump's trade war.
Luxury heavyweights LVMH and Kering are expected to report another drop in quarterly sales this month.
($1 = 0.8529 euros)
(Reporting by Elisa AnzolinEditing by Keith Weir)
Revenue is the total amount of money generated by a company's sales of goods or services before any expenses are deducted.
Operating profit is the profit a company makes from its core business operations, excluding costs associated with non-operating activities.
Consumer perception is the way consumers view and interpret a brand or product, which can significantly influence their purchasing decisions.
The luxury industry encompasses businesses that sell high-end products and services, often characterized by premium pricing and exclusivity.
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