MONRY - Moncler: Even More Optimistic About Its Long-Term Future
2024-03-16 07:37:52 ET
Summary
- Moncler's annual results show outstanding sales growth of 15% (17% excluding currency changes), outperforming other luxury fashion brands.
- The company's strategy of focusing on direct sales to end consumers through its own channels is proving successful.
- Moncler's growth in Asia remains strong, despite concerns about the region's slower growth in the luxury sector.
Introduction
A few months ago, I published an article explaining my investment thesis on Moncler ( MONRY ) ( MONRF ) and recommending its purchase. At that time, there was widespread pessimism surrounding the luxury sector, and Moncler's stock had corrected significantly alongside other companies in the industry. Since then, sentiment has shifted dramatically as leading companies in the sector have been reporting results that have allayed market fears. (I also suggest taking a look at my latest analysis on LVMH)....
Moncler: Even More Optimistic About Its Long-Term Future