Revenues at Italian luxury outerwear maker Moncler fell 3% at constant exchange rates in the third quarter, slightly more than analysts had anticipated, with weakness spread across all its main markets.
Luxury groups have been struggling with tighter consumer spending in recent quarters, especially in China.
Total revenues at Milan-based Moncler, known for its puffer jackets, totalled 635.5 million euros in the July-September period, against analysts' consensus forecast of 645 million euros, according to company-provided data.