Brunello Cucinelli raises 2026 outlook after beating Q3 sales forecasts
MILAN, Oct 15 (Reuters) — Brunello Cucinelli posted on Thursday a double-digit growth in third-quarter revenues, standing out in a luxury sector still grappling with a prolonged slowdown, and raised guidance for the current year. The Italian luxury group raised its full-year 2026 revenue growth outlook to around 12% at constant exchange rates, from a previous 10%-11% Third-quarter revenue rose 13.5% at constant exchange rates to €374.2 million ($419.25 million) Third-quarter revenue exceeded an LSEG consensus estimate €370 million based on five analysts For 2027, Brunello Cucinelli forecast revenue growth of about 10% The company said family control supports its long-term strategy ($1 = 0.8925 euros) (Reporting by Elisa Anzolin, editing by Alvise Armellini) ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;)
MILAN, Oct 15 (Reuters) — Brunello Cucinelli posted on Thursday a double-digit growth in third-quarter revenues, standing out in a luxury sector still grappling with a prolonged slowdown, and raised guidance for the current year.
The Italian luxury group raised its full-year 2026 revenue growth outlook to around 12% at constant exchange rates, from a previous 10%-11% Third-quarter revenue rose 13.5% at constant exchange rates to €374.2 million ($419.25 million) Third-quarter revenue exceeded an LSEG consensus estimate €370 million based on five analysts For 2027, Brunello Cucinelli forecast revenue growth of about 10% The company said family control supports its long-term strategy ($1 = 0.8925 euros) (Reporting by Elisa Anzolin, editing by Alvise Armellini) ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;)