On April 21, Italian luxury goods company Moncler Group announced its results for the first quarter of fiscal year 2026 ended March 31: total revenue increased by 6% year-on-year to EUR 881 million, or +12% at constant exchange rates. Revenue in Asia (including Asia Pacific, Japan, and South Korea) rose 14% (+22% at constant exchange rates) to EUR 380.8 million, making it the Group’s largest global market, with outstanding performance in the Chinese Mainland and South Korea.
Remo Ruffini, Chairman of Moncler Group, commented, “What clearly emerged in the first quarter of this year goes beyond a strong revenue performance: it is the depth of the relationships that our brands continue to build with their communities around the world. In a global context shaped by conflicts and instability, both Moncler and Stone Island have shown strong energy and cultural relevance. This does not happen by chance. It reflects a clear mindset: valuing what makes each brand unique, while constantly evolving and pushing boundaries across products and experiences. As we move into the next phase of our journey, with Leo Rongone now on board, our focus is very sharp: staying true to who we are, never standing still, and keeping our brands’ integrity firmly at the centre of every decision. In an increasingly complex external environment, we remain committed to staying agile and responsive, guided by our clear strategic vision.”
At the same time, Moncler Group announced:
- Following the confirmation of Bartolomeo (“Leo”) Rongone as a Director, the Board of Directors resolved to grant him the powers previously assigned at the time of his co-option by the Board on February 19, 2026.
- The approval of two new equity incentive plans: the 2026 Performance Share Plan and the 2026 Restricted Share Plan. The former provides for the granting of up to 1,636,919 shares to 162 beneficiaries, including executive directors and key strategic managers, subject to the achievement of performance targets at the end of a three-year vesting period. The latter provides for the granting of up to 50,000 shares to Chief Executive Officer Bartolomeo Rongone (the sole beneficiary), subject to his continued employment at the end of a three-year vesting period.
Effective April 1, 2026, Bartolomeo Rongone, former Chief Executive Officer of Bottega Veneta, assumed the role of Chief Executive Officer of Moncler Group. Remo Ruffini stepped down as Chief Executive Officer and continues as Executive Chairman, overseeing the company’s creative direction and playing a central role in the Group’s governance and strategic direction.
By Brand
- Moncler: Revenue reached EUR 766.5 million, up 12% year-on-year at constant exchange rates compared with the same period in 2025, driven by solid growth across both channels. Direct-to-consumer (DTC) delivered strong performance, up 14% year-on-year at constant exchange rates, despite a multi-year high comparison base.
- Stone Island: Revenue totalled EUR 114.1 million, up 11% year-on-year at constant exchange rates compared with the same period in 2025, supported by continued double-digit growth in the DTC channel.
—— Moncler ——
By Geography:
- Asia (including Asia Pacific, Japan, and South Korea): All markets delivered growth during the quarter with sequential improvement, driven by positive contributions from both local consumers and tourists. The Chinese Mainland and South Korea performed particularly well.
- EMEA (Europe, the Middle East, and Africa): The DTC channel continued to be impacted by weak inbound tourism and soft online performance in the region.
- Americas: Supported by continued solid growth in local consumption and good performance in the wholesale channel.
By Channel:
- DTC: Despite ongoing market volatility and a very high multi-year comparison base, traffic in physical stores improved, with offline performance continuing to outperform online. Online remained weak during the quarter but showed sequential improvement.
- Wholesale: Benefited from the strong performance of the Spring/Summer 2026 collections and increased reorders. Despite the Group’s continued network optimisation to enhance distribution quality, the channel achieved positive growth.
As of March 31, 2026, Moncler operated 295 directly operated stores, unchanged compared with the end of 2025. A key development during the quarter was the opening of the Moncler Grenoble store in Aspen.
The Moncler brand also operated 47 wholesale shop-in-shops, a net decrease of two compared with December 31, 2025.
—— Stone Island ——
By Geography:
- Asia (including Asia Pacific, Japan and South Korea): Revenue reached EUR 35.465 million, up 25% year-on-year at constant exchange rates, with all major markets achieving strong double-digit growth.
- EMEA: Revenue totalled EUR 71.067 million, up 3% year-on-year at constant exchange rates, with both DTC and wholesale delivering positive performance. Italy outperformed the rest of Europe, the Middle East and Africa.
- Americas: Revenue reached EUR 7.536 million, up 24% year-on-year at constant exchange rates, with double-digit growth in both DTC and wholesale.
By Channel:
- DTC: Positive growth across all regions, with standout performance in the Americas and Asia. Offline continued to outperform online in all regions.
- Wholesale: Growth driven by a positive market response to the Spring/Summer 2026 collections.
As of March 31, 2026, Stone Island operated 94 directly operated stores, a net decrease of one compared with the end of 2025. A key development during the quarter was the opening of the Naples store.
The Stone Island brand also operated 11 mono-brand wholesale stores, unchanged compared with the end of 2025.
| Source: Official financial report
| Image Credit: Company website, official financial report
| Editor: Luxeplace
