Brunello Cucinelli raises 2026 outlook after beating Q3 sales forecasts

MILAN, Oct 15 (Reuters) - Brunello Cucinelli posted on Thursday a double-digit growth in third-quarter revenues, standing out in a luxury sector still grappling with a prolonged slowdown, and raised guidance for the current year.

• The Italian luxury group raised its full-year 2026 revenue growth outlook to around 12% at constant exchange rates, from a previous 10%-11%

• Third-quarter revenue rose 13.5% at constant exchange rates to €374.2 million ($419.25 million)

• Third-quarter revenue exceeded an LSEG consensus estimate €370 million based on five analysts

• For 2027, Brunello Cucinelli forecast revenue growth of about 10%

• The company said family control supports its long-term strategy

($1 = 0.8925 euros)

(Reporting by Elisa Anzolin, editing by Alvise Armellini)