Moncler SpA

MONC: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€86.80	Zrftcvk	Svkfdcdwx

Moncler's Growth Decelerates on Tougher Comparison; Shares Remain Expensive

Jelena Sokolova

Oct 27, 2022

We are maintaining our fair value estimate for narrow-moat Moncler as the company reported a marked slowdown in third-quarter revenue trends, even despite fewer headwinds from lockdowns in China compared with the second quarter. We still view Moncler as one of the few expensive stocks in our luxury coverage and would wait for a better entry point to invest.

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