Moncler S.p.A. (IT:MONC) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Moncler S.p.A. reported a 6% increase in group revenues to €1.87 billion for the first nine months of 2024, driven by strong growth in the direct channel for both Moncler and Stone Island brands. Despite a challenging third quarter marked by declines in the wholesale channel, Moncler remains focused on enhancing brand experiences to navigate uncertain market conditions. The company highlights its long-term strategy to maintain brand strength amidst ongoing macroeconomic volatility.
For further insights into IT:MONC stock, check out TipRanks’ Stock Analysis page.