The Tamesis
Moncler Group, the parent company of Moncler and Stone Island, said on Tuesday that revenue in the first quarter of 2026 increased by 12% year-on-year to 880.6 million euros. By brand, Moncler’s revenue increased by 12% to 766.5 million euros, and Stone Island’s revenue increased by 11% to 107.3 million euros.
“What was evident in the first quarter of this year was more than just strong revenue performance: it was the depth of relationships our brands continue to build with communities around the world. Against a global backdrop of conflict and instability, both Moncler and Stone Island have shown great dynamism and cultural relevance,” Remo Ruffini, who transitioned from CEO to group executive chairman on April 1, said in a statement. Bartolomeo Rongone, who took over as CEO earlier this month, was not present on Thursday’s conference call.
“As we enter the next phase of our journey, with the addition of Leo Rongone, our focus is clear: stay true to who we are, never stand still, and put the integrity of our brand firmly at the center of every decision,” continued Ruffini. “In an increasingly complex external environment, we remain committed to remaining agile and responsive, guided by a clear strategic vision.”
Growth in the quarter was driven by the success of both brands in Asia and the Americas. Driven by strong trends in China and South Korea, Moncler’s Asia revenue increased 22% year-on-year to 433 million euros, while US revenue increased 7% to 95 million euros. Luciano Santel, the group’s chief corporate and supply officer, told investors that Moncler’s penetration in the United States is still insufficient. “Brand awareness is very strong in major cities where we have a strong footprint. Although it is still weaker in smaller cities, we are starting to gain traction in these cities [open] He added that Moncler underperformed in the EMEA (Europe, Middle East and Africa) region, down 1% to 238.5 million euros, mainly due to sluggish tourist traffic, although local consumption remained stable.
Elena Mariani, director of strategic planning and investor relations, said this quarter was the best quarter ever for the Moncler brand in terms of brand influence and engagement, especially the Moncler Grenoble technical collection, which held a fashion show in February and opened a second store in Aspen. The Winter Olympics, held in the middle of the first quarter, were another highlight: Moncler Grenoble co-designed the Brazilian team’s uniforms with Brazilian artist Oskar Metsavaht.
Stone Island’s sales in Asia increased by 25% to 35.4 million euros; South Korea, Japan and China all achieved double-digit growth. Revenue in the Americas increased 24% to 7.5 million euros, and revenue in Europe, the Middle East and Africa increased 3% to 71 million euros. “Stone Island is doing very well after a few years of challenges and difficulties,” Santel said. “It’s growing organically.”
