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Article Date: February 2017
Word Count: 260

Moncler’s Strong Q4 Lifts 2016 Results


The luxury skiwear brand finished 2016 with net income up 19% to €196,043,000 ($216.8 million) from €167,863,000 as revenues topped a billion Euros at €1,040,311,000 ($1,150.8 million), gaining 18% compared to €880,393,000 last year. Gross margin hit a stratospheric 75.7%, up 130 basis points, boosted by a larger share of higher-margin retail sales, which were up 23% at €764.2 million while wholesale sales gained just 6% to €276.1 million. The retail channel saw comp store sales grow 7% in 2016. Moncler finished the year with a solid Q4 with sales up 26% to €401.0 million in its largest quarter.

 

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