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Investing.com -- Italian luxury fashion brand, Brunello Cucinelli, has reported a 10% cFX growth in the first quarter of 2024, with sales reaching €342 million. This figure aligns with market expectations.
The company’s management continues to project a revenue growth rate of 10% for the years 2025 and 2026. The first quarter of 2025 and the beginning of the second quarter have shown sustained momentum, underscoring the durability of the high-end consumer segment.
The company’s ongoing investments in manufacturing are expected to support its goal of doubling turnover by 2030. Brunello Cucinelli’s unique positioning in the market makes it difficult to draw parallels between its performance and the broader trading environment for the sector.
Goldman Sachs reaffirmed its Buy rating for the company, continuing to support the belief that Brunello Cucinelli’s premium compared to its peers is justified due to its promising long-term compound earnings growth potential.
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