Italian luxury group Moncler’s Q4 revenue beats estimate

Investing.com -- Italian luxury outerwear maker Moncler SpA (BIT: MONC) reported fourth-quarter revenue that surpassed analyst expectations.

The company posted Q4 revenue of €1.24 billion, exceeding the €1.15 billion consensus estimate. Full-year revenue came in at €3.11 billion, also topping forecasts of €3.03 billion.

Moncler announced a dividend per share of €1.30, while expectations were of €1.14.

The Moncler brand recorded annual revenue of €2.71 billion, above the €2.63 billion consensus, with Asia leading growth at €1.38 billion. Direct to consumer sales for the brand rose 11%, well ahead of the 6.79% estimate, while wholesale revenue declined 7%, in line with expectations.

The Stone Island brand reported revenue of €401.6 million, slightly ahead of estimates, though its DTC growth of 23% missed projections.

Moncler's EBIT reached €916.3 million, surpassing the forecasted €879.1 million, while net income rose to €639.6 million, beating the €604.6 million estimate.

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