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Brunello Cucinelli Earnings a positive start for Luxury Retailers

EARNINGS

Positive results from luxury clothing retailer Brunello Cucinelli; FY sales were €1.139 vs. c€1.127b. 4th quarter came in at €321m (vs. c€303m) up +15.6% yoy. The chairman (Brunello Cucinelli) added "...in view of all this, we are confirming our great confidence for this year, where we envisage a gracious, comfortable and healthy growth of around 10%." - consensus (bbg) currently at +9.36%.Full results; https://investor.brunellocucinelli.com/yep-content/media/BC_Prel_FY_23_EN.pdf

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