Brunello Cucinelli (BC) investor relations material

Executive summary

• 9M 2026 revenue reached €1,123.6m, up 13.3% at constant exchange rates and 10.2% at current rates; Q3 revenue was €374.2m, up 13.5% at constant rates.

• 2026 revenue growth guidance rose to 12% at constant exchange rates; 2027 growth is expected at 10%, supported by favorable Spring-Summer 2027 order intake and press reception.

• Growth was broad across regions and channels, with Retail, North America and China among the key drivers.

Financial highlights

• 9M revenue was €1,123.6m versus €1,019.2m in 9M 2025, up 13.3% at constant exchange rates and 10.2% at current rates.

• Q3 revenue was €374.2m, up 13.5% at constant exchange rates; growth was balanced across geographies and menswear and womenswear.

• Retail revenue was €741.0m, up 19% at constant rates in 9M and 17% in Q3; Wholesale revenue was €382.6m, up 4% in 9M and 7% in Q3.

• Current-rate growth was 10% for 9M and 11.7% in Q3; currency reduced Q3 growth by a couple of points.

Outlook and guidance

• FY 2026 revenue growth guidance rose to 12% at constant exchange rates from 10%-11%; currency is expected to reduce reported growth by ~2.5 percentage points.

• 2027 revenue growth is expected at 10%, with Retail above 10% and Wholesale at mid-single-digit growth.

• FY 2026 EBIT margin is expected at ~17%, versus 16.8% in 2025.

• Retail like-for-like growth is expected to continue in late 2026, with a more contained contribution from new spaces; Wholesale is expected to remain solid.

• Favorable Spring-Summer 2027 order intake and Fall-Winter 2026 sell-outs support the 2027 outlook.