Sales PerformanceAt Stone Island, a modest sales decline of -1% is anticipated due to a transition year and the ongoing rationalization of the wholesale channel.
Sector ChallengesThe luxury sector is facing increasing costs and a risk of bimodal share price performance, raising the chance of a share price seasonal lull.
ValuationMoncler shares trade at 28x 2024E EPS, above its past 10-year average of 25x, indicating shares may be fully valued considering the expectations for future growth and profitability.