Brunello Cucinelli outpaces luxury rivals with 12.9% profit growth
Italian luxury group Brunello Cucinelli reported a 12.9% increase in operating profit for 2024, reaching 212 million euros ($230.4 million), slightly below analyst forecasts. The company confirmed its sales growth target of around 10% for 2025 and 2026. Founder Brunello Cucinelli highlighted strong first-quarter results, with positive sales for the 2025 Spring-Summer collection and strong orders for the Fall-Winter lineup. In 2024, the group’s sales rose 6.6% in Europe, 17.8% in the Americas, and 12.6% in Asia, contributing to a 12.4% overall revenue increase at constant exchange rates, outperforming the broader luxury sector slowdown.