Italian luxury outerwear group Moncler reported mixed results for the third quarter of 2025, with revenue declining slightly but surpassing analyst expectations. The company posted sales of 616 million euros ($658 million), a 1% decrease YoY but above the consensus forecast of 604 million euros ($645 million). Performance varied significantly across regions. European sales dropped 3%, primarily due to weaker tourist spending, while Asian results were mixed with mainland China outperforming softer markets like Japan and South Korea. The Americas delivered the strongest performance with sales rising 5%, driven by consistent growth in the U.S. By product category, core outerwear sales declined 2%, while accessories grew 3% and footwear increased 4%. E-commerce jumped 10% as digital channels continued to gain traction.