Cucinelli sales up 14.7% in first half, 2024 sales guidance confirmed

Italian luxury group Brunello Cucinelli on Thursday posted a 14.7% increase at constant exchange rates in first half revenues, thanks to double-digit growth in Asia and the Americas, and confirmed its sales outlook for 2024.

Second quarter sales rose to 312 million euros ($339 million), compared to analyst expectations of 310 million euros, according to a Reuters poll.

“We feel that the brand is experiencing a very positive momentum in terms of global image. This leads us to confirm our 2024 projected sales growth of around 10%, as well as adequate profits”, Executive Chairman Brunello Cucinelli said in a statement.