Brunello Cucinelli Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 revenues rose 14% at constant exchange rates, led by robust retail and digital growth, with strong performance across all geographies. Guidance for 10% revenue growth in 2026 and 2027 is maintained despite geopolitical tensions, supported by operational flexibility and recent investments.
Fiscal Year 2025
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Full-year 2025 saw double-digit revenue and profit growth, driven by strong global retail and wholesale performance, major investments in artisanal production and digital innovation, and a clear luxury positioning. Guidance for 2026 and 2027 targets continued 10% growth and margin improvement.
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Record 2025 results are expected, with revenue growth of 11-12% at constant exchange rates and 10% in 2026. Investments shift from production to commercial expansion, while sustainability, artisanal quality, and brand exclusivity remain central. Major awards and a new AI e-commerce platform enhance brand image.
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Nine-month 2025 revenues rose 10.8% year-over-year to €1,019.6 million, with strong growth across all regions and channels. Management reaffirmed 10% revenue growth guidance for both 2025 and 2026, and addressed short-seller concerns by highlighting robust inventory controls and brand exclusivity.
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H1 2025 saw revenues rise 10.2% to €684M, EBIT up 8.8%, and net income up 16%, driven by strong global demand and early completion of key investments. Full-year and 2026 guidance reaffirm ~10% revenue growth, with robust performance across all regions and channels.
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First half revenues rose 10.2% to €684M, with double-digit growth across all regions and channels. Outlook for 2025 and 2026 remains strong, with 10% turnover growth targeted and investments set to normalize after major manufacturing expansion.
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Q1 2025 revenues rose 10.5% to €341.5M, with strong growth across all regions and channels. 2025 guidance for 10% revenue growth and healthy margins is reaffirmed, with limited tariff impact expected and continued focus on artisanal production and selective retail expansion.
Fiscal Year 2024
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2024 saw double-digit revenue and profit growth, driven by strong global demand, increased in-house production, and major investments in capacity. Guidance for 2025 and 2026 targets 10% annual revenue growth, with balanced expansion and continued focus on exclusivity and craftsmanship.
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2024 is set to close with 11–12% revenue growth and improved EBIT margins, driven by strong global sales and exclusive brand positioning. The outlook for 2025–2026 targets 10% annual growth, with continued focus on creativity, fair compensation, and customer experience.
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Revenues rose 12.4% to €922.2M in the first nine months, with balanced growth across all regions and channels. The company reaffirms 10% annual revenue growth guidance through 2026, expects slight EBIT margin improvement, and highlights strong retail, multi-brand, and online performance.
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H1 2024 saw 14% revenue growth and 19% EBIT growth, with strong margins and balanced global performance. Guidance for 2024 and 2025 is for 10% revenue growth, supported by robust retail, digital, and wholesale channels, and major investments in production and brand experience.
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H1 2024 saw revenues rise 14% to €620M, with balanced growth across regions and channels. Guidance for 2024 and 2025 is for 10% turnover growth and stable margins, supported by major investments in production and digital innovation.