Moncler posts smaller than forecast decline in quarterly revenues
Moncler's Q3 Revenue Performance
MILAN (Reuters) -Revenues at Italian luxury outerwear group Moncler fell 1% at constant exchange rates in the third quarter, hit by weak tourist demand in Europe and Japan despite an increase in sales in the Americas.
Impact of Tourist Demand
The Milan-based group, best known for its glamorous puffer jackets, posted revenues of 616 million euros ($718 million) for the July-September period, above a company-provided analyst consensus forecast of 604 million euros.
Sales Performance in Asia
Revenues at the Moncler brand held steady in Asia - an area that accounts for roughly half of the total - as China continued to outperform the rest of the region where Japan and Korea instead performed weakly. ($1 = 0.8575 euros)
Analyst Consensus Overview
(Reporting by Elisa Anzolin; Editing by Valentina Za)
