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Moncler Beats First-Half Sales Expectations

Moncler Beats First-Half Sales Expectations

Despite slowdowns in China, sales rose 46 percent at the Italian luxury group, driven by growth in the US and Europe. Revenue was up 48 percent year-on-year, reaching 918.4 million euros ($929.9 million). Analysts expected 894 million euros. The brand reported net profit of 211.3 million euros ($213.8 million), including a tax benefit of 92.3 million euros for the tax value realignment of Stone Island, which Moncler acquired in 2020. Net…


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