<\/p>\n
\n\tMILAN \u2014 The first nine months of the year closed with such positive results that Brunello Cucinelli revised its 2026 estimates further upward, forecasting revenue growth of 12 percent at constant exchange rates from an expected 10 to 11 percent increase indicated in July.<\/p>\n
\n\tOn Thursday, the Italian luxury house reported a 10 percent gain in nine-month sales, which reached 1.12 billion euros compared with 1.02 billion euros in the same period last year. At constant exchange rates, sales rose 13 percent.<\/p>\n
\n\tIn light of the performance of the spring 2027 men\u2019s and women\u2019s collections, Cucinelli envisaged growth of around 10 percent for 2027 as well.<\/p>\n
\n\t\u201cWe believe that the brand\u2019s image around the world reflects what we have always aspired to: a belief in absolute luxury, without logo,\u201d said Brunello Cucinelli, the founder, executive chairman and creative director, during a conference call at the end of trading. \u201cWe think of a brand that stands for authenticity, style, familiarity and simplicity, where the product is the fruit of exceptional craftsmanship, quality, creativity, with a contemporary sensibility and a strong sense of exclusivity \u2014 the latter being of paramount importance to us. We also feel that ours is not a mass-market renown.\u201d<\/p>\n
\n\tDuring the call, chief executive office Luca Lisandroni said that the first two weeks of October also showed a good performance, expressing confidence in the rest of 2026 and that the third quarter reflected the year\u2019s \u201ccontinuous and constant growth, balance in each quarter across markets and channels.\u201d<\/p>\n
\n\tCucinelli and Lisandroni underscored the strength of retail, of the online channel, North America and China, in addition to the quality of the collections, with an increase in the average ticket and in the number of customers. The online channel accounts for 7 percent of sales, but they highlighted how it is a tool that drives customers to stores. <\/p>\n
\n\tCEO Riccardo Stefanelli touted \u201cthe quality of traffic of Callimacus,\u201d the platform supported by Cucinelli\u2019s Solomei AI research center, doubling the length of time visitors spend on the site, and recalled that Salesforce has invested in the platform, as reported.<\/p>\n
\n\tCucinelli addressed the issue of generational handover, and highlighted the family\u2019s control of the company, although it is publicly listed, with a long-term view, \u201cwith the enduring hope of maintaining a sound and well-earned reputation and ensuring that the brand continues to thrive for decades to come.\u201d<\/p>\n
\n\tCucinelli, who is 73, said that when he was 58 he set up an \u201cirreversible\u201d trust fund in favor of his daughters Carolina and Camilla, at 63 he decided to take on the role of executive chairman, and that \u201ceverything had been defined\u201d for the time following his death.<\/p>\n
\n\tAt constant exchange rates, the third quarter saw a 13.5 percent gain in revenues to 374.2 million euros, slightly above expectations and lifted by all geographic markets and categories, equally split between the men\u2019s and women\u2019s collections.<\/p>\n
\n\tRevenues by Geographic Market<\/p>\n
\n\tIn the nine months ended Sept. 30, revenues in Europe rose 6 percent to 393.9 million euros, representing 35.1 percent of the total. The growth was driven by a particularly positive retail performance, which maintained double-digit increases in the third quarter, in continuity with the trend of the first part of the year, and was boosted both by local customers and international tourists.<\/p>\n
\t\t\t\t\tA salon dedicated to occasion dressing at the Brunello Cucinelli flagship in Paris.<\/p>\n
\t\t\t\t\t\t\t\t\tCourtesy of Brunello Cucinelli<\/p>\n
\n\tSales in the Americas climbed 14 percent to 418.3 million euros, accounting for 37.2 percent of the total. At constant exchange rates, revenues rose 20 percent in the region. The third quarter confirmed the very positive pace of the first part of the year.<\/p>\n
\n\tOpenings in Nashville and Naples, Fla., in the first part of the year and in San Diego in the third quarter reflect the geographic expansion of the brand.<\/p>\n
\n\tRevenues in Asia were up 10 percent to 311.4 million euros, representing 27.7 percent of the total. At constant exchange rates, sales were up 14 percent.<\/p>\n
\n\tCucinelli was pleased with the performance in China, which continues to be one of the main drivers of \u201cconstant growth\u201d in the region. A Casa Cucinelli store will open in Shanghai next week and the brand is expanding its Plaza 66 store in the city by the end of the year. There are now around 10 Case Cucinelli stores around the world.<\/p>\n
\n\tNext year, the company will expand the store at China World in Beijing.<\/p>\n
\n\tJapan and South Korea continued to deliver positive results, driven mainly by local clients.<\/p>\n
\n\tDespite the war in the Middle East, the third quarter recorded a solid performance there, in a period marked by the natural low seasonality of July and August and a reduced presence of international tourists. The opening of a store in Abu Dhabi planned for last month has been postponed until next year.<\/p>\n
\n\tRevenues by Channel<\/p>\n
\n\tIn the nine months, retail revenues grew 15 percent to 741 million euros, representing 66 percent of the total. Organically, they were up 19 percent. Growth was significant in every quarter of the year, with double-digit increases across all geographies. In the third quarter, the channel was up 17 percent at constant exchange rates. Like-for-like sales in the third quarter remained in line with the performance recorded in the first six months of the year.<\/p>\n
\n\tCucinelli benefited from some key projects, such as the recent relocations of flagships in Paris, on Rue Saint-Honor\u00e9, and in Los Angeles, on Rodeo Drive, as well as the expansion of Bond Street in London.<\/p>\n
\n\tAs of Sept. 30, the network included 142 directly operated boutiques.<\/p>\n
\n\tWholesale revenues were up 2 percent to 382.5 million euros, or up 4 percent organically. Cucinelli touted the strong relationship with Exemplar Luxury Group, owner of Saks and Neiman Marcus, its \u201cpunctual payments\u201d and said that the brand is expanding both its men\u2019s and women\u2019s spaces at Bergdorf Goodman.<\/p>\n
\n\tNext week, in Tokyo, Shanghai and Hong Kong, the premieres of the documentary film \u201cBrunello, il visionario garbato\u201d will take place, following the unveiling in Rome, New York and Paris. <\/p>\n
\n\tIn early November, the second edition of \u201cLa Paul\u00e9e,\u201d a prestigious biennial event that will bring together some of the world\u2019s most important wine and Champagne producers and collectors, together with clients and friends of the brand, will take place in Solomeo, Italy, and the headquarters of the company.<\/p>\n
#Strong #NineMonth #Sales #Growth #Raises #Forecast<\/p>\n","protected":false},"excerpt":{"rendered":"
MILAN \u2014 The first nine months of the year closed with such positive results that Brunello Cucinelli revised its 2026 estimates further upward, forecasting revenue growth of 12 percent at… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[242],"tags":[],"class_list":["post-1657","post","type-post","status-publish","format-standard","hentry","category-editors-pick"],"_links":{"self":[{"href":"https:\/\/stock789.top\/index.php?rest_route=\/wp\/v2\/posts\/1657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stock789.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock789.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock789.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock789.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1657"}],"version-history":[{"count":0,"href":"https:\/\/stock789.top\/index.php?rest_route=\/wp\/v2\/posts\/1657\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock789.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock789.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock789.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}