BIT:MONCLuxury
Moncler (BIT:MONC) Valuation in Focus as Revenue Declines and Management Cautious on Outlook
Moncler (BIT:MONC) stock dropped over 4% after the company posted a 1% year-on-year revenue decline for the third quarter. Softer tourist demand in Europe and Japan weighed on overall results.
See our latest analysis for Moncler.
Despite a resilient showing earlier this year, Moncler’s latest results and yesterday’s 3.75% drop in share price highlight how investor sentiment has cooled after a solid run. While revenue growth in China and the Americas added a boost, European and Japanese...