Moncler brand revenue was €1.55 billion (~$1.8 billion), stable at constant exchange rates compared to 2024. In Q3 2025, revenue reached €514.2 million (–1 percent cFX YoY), supported by sequential gains in both DTC and wholesale channels, the Moncler Group said in a press release.
Italian group Moncler has reported revenue of €1.84 billion (~$2.13 billion) in the nine months to 2025, flat at constant exchange rates. Sales of the Moncler brand amounted to €1.55 billion (~$1.8 billion) and Stone Island to €288 million (~$334.1 million), with both showing sequential improvement in DTC performance. The Americas and China performed better, offsetting weaker results in EMEA and Japan.
Asia revenue rose 3 percent cFX to €752.6 million, driven by continued strength in China, partially offset by weakness in Japan and Korea. Revenue in Europe, the Middle East and Africa (EMEA) decreased 4 percent cFX to €581 million, affected by moderate tourism flows despite a slight sequential improvement. Americas revenue increased 2 percent cFX to €219.6 million, with 5 percent cFX growth in the third quarter driven by double-digit DTC sales.
Moncler brand direct-to-consumer (DTC) channel grew 1 percent cFX to €1,255.4 million, maintaining stable performance during the third quarter despite macroeconomic headwinds. Wholesale revenue fell 5 percent cFX to €297.8 million, reflecting Moncler’s continued focus on distribution quality and network optimization.
As of September 30, 2025, Moncler operated 294 directly operated stores (TWO), a net increase of seven from June 2025, including a new boutique in Austin and an expanded SKP location in Beijing. The brand also managed 49 wholesale shop-in-shops, five less than the previous quarter.
Stone Island reported revenue of €288.1 million (~$334.1 million) in the nine months of 2025 (–1 percent cFX), with Q3 revenue stable year-over-year. Performance was driven by a strong DTC segment and a wholesale decline due to differences in shipping times between quarters.
Revenue in Asia rose 13 percent cFX to €74.2 million, driven by strong momentum in China and Japan. EMEA decreased cFX 4 percent to €196.2 million as strong DTC growth was offset by weaker wholesale sales. Americas cFX fell 11 percent to €17.7 million, although both channels improved sequentially in the third quarter. The DTC channel advanced 9 percent cFX to €145.1 million, representing more than half of total sales, while wholesale revenue fell 9 percent cFX to €143.0 million due to differences in shipping times, but showed sequential improvement during the quarter.
Stone Island operated 92 directly operated stores and 11 wholesale monobrand stores as of September 30, 2025. Notably, the brand relocated its flagship store to New York City during the quarter.
Meanwhile, in the third quarter (Q3), group revenue amounted to €615.6 million (–1 percent cFX year-on-year), with Moncler and Stone Island contributing €514.2 million and €101.4 million respectively. Both brands demonstrated sequential improvement in their direct-to-consumer (DTC) channels, reflecting effective execution amid moderate market demand.
“As we close the first nine months of the year, we remain focused on executing our strategy with discipline, agility and a strong sense of direction, aware of the challenges around us, but even more committed to the opportunities that lie ahead,” he said. Remo Ruffini, President and CEO of Moncler Group.
“Our recently launched Warmer Together communications campaign celebrates the values that have defined Moncler for over 70 years – love, connection and a shared sense of warmth – brought to life through the friendship of two legendary Hollywood icons,” Ruffini added. “These same values come to life at Casa Moncler, our new headquarters and a key milestone in our journey. More than just a space, it is a powerful expression of our culture, where creativity meets innovation and where our people come together with great energy and a deep sense of belonging to shape the future of our brand.”
Moncler continues to prioritize organic growth, direct engagement through its retail network and elevating its wholesale distribution. The company also published its 2026 Corporate Events Calendar, available on its website in the Investors section, the statement added.
“As we close the first nine months of the year, we remain focused on executing our strategy with discipline, agility and a strong sense of direction, aware of the challenges around us, but even more committed to the opportunities that lie ahead,” Ruffini said.
Fiber2Fashion News Desk (SG)
