seekingalpha.com
Moncler: Solid Execution But Valuation Leaves Limited Upside
Moncler delivered solid FY2025 results, with Q4 sales acceleration and a 5% EBIT beat versus consensus, but shares now reflect much of the upside. Management provided no formal guidance, with indications of flattish growth for Moncler and gradual improvement at Stone Island, leading us to adopt cautious assumptions on sales and margins. Following the post-earnings share price move, MONRF trades broadly in line with peers; with pricing power moderating and competition intensifying in China, we maintain a Neutral stance.
