|Bid||69.95 x 0|
|Ask||73.00 x 0|
|Day's range||70.50 - 71.40|
|52-week range||47.42 - 93.05|
|Beta (5Y monthly)||1.12|
|PE ratio (TTM)||50.69|
|Forward dividend & yield||0.65 (0.91%)|
|Ex-dividend date||22 May 2023|
|1y target est||N/A|
Italian luxury group Brunello Cucinelli on Thursday raised its 2023 sales guidance for the second time this year after posting a 27.5% jump in revenues in the second quarter, boosted by strong growth in Asia and the Americas. The brand, best known for its cashmere clothing, sees revenue growth of between 17% and 19% for this year, which compares with a previous estimate of around 15%. "Thanks to the strong demand for handcrafted and exclusive products, we continue to have a very positive outlook on the absolute luxury world market," Executive Chairman Brunello Cucinelli said in a statement.
Sales at Italian luxury group Brunello Cucinelli rose 33% at constant exchange rates in the first quarter, driven by strong growth in the Americas and a rebound in Asia. Cucinelli said that the demand growth in North America looked "increasingly structural", while the "decidedly positive trend" in China continued and confirmed the future potential of this important market for the group. Cucinelli said it had decided to set up a new production facility in Italy's Abruzzo region, in the town of Penne which is known for its tradition of handcrafted manufacturing, particularly for men's suits.
Italian luxury group Brunello Cucinelli said on Tuesday it had created with Italian perfume group Euroitalia its first two perfumes to be launched this year. The two perfumes, one for women and one for men, will be sold at 180 euros each, said Brunello Cucinelli, the company founder and executive chairman, at a press conference. Cucinelli said the perfumes would be available in its boutique in Milan from Tuesday, in Europe and the Middle East from May, in North America from October and in Asia from the beginning of next year.