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Article Date: July 2017
Word Count: 156

Moncler Turns in Stellar First Half


Results accelerated for the luxury outerwear brand through the second quarter leading to a 25% increase in H1 net income to €41,835,000 ($48.8 million) from €33,592,000 as revenues jumped 18% to €407,643,000 ($475.5 million) from €346,462,000. Sales were driven by 22% growth in the retail channel to €299.5 million while wholesale grew a more modest 8% to €108.2 million. Consolidated gross margin expanded 150 basis points to 75.6% from the increased share of higher-margin retail sales.

 

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