Brunello Cucinelli (BC) Q3 2025 TU earnings summary

Executive summary

• Revenues for the first nine months of 2025 reached €1,019.2 million, up 10.8% year-over-year at current exchange rates and 11.3% at constant rates.

• All major geographic regions posted strong growth, with Asia leading at +15.6%, followed by the Americas at +9.3% and Europe at +8.8%.

• Retail channel revenues grew 11.6% year-over-year to €645.8 million, while wholesale channel revenues increased 9.3% to €373.4 million.

• Strong sales momentum continued in boutiques, with positive feedback from global luxury markets and robust customer engagement.

• Third quarter sales were €335.0 million, up 11.8% year-over-year, with retail up 14.4% and wholesale up 7.7%.

Financial highlights

• Europe contributed €370.1 million (36.3% of total), Americas €365.8 million (35.9%), and Asia €283.3 million (27.8%).

• China represented about 13% of total revenues, with double-digit growth.

• Retail channel accounted for 63.4% of total revenues in 9M 2025, up from 62.9% in 9M 2024.

• Italy posted €120.3 million in revenues, up 9.1% year-over-year.

• Asia's share of total revenues increased to 27.8% in 9M 2025 from 26.6% in 9M 2024.

Outlook and guidance

• Revenue growth of around 10% is expected for both 2025 and 2026, with healthy and balanced profits.

• Strong order intake for Spring-Summer 2026 collections and positive feedback reinforce confidence in future performance.

• October sales trends confirm strong momentum across all geographies.

• Major investments in artisanal production and factory expansion are on track, with the three-year plan completed ahead of schedule.