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Led by Miuccia Prada, the brand grew to be one of the most influential fashion companies, with sales increasing by 50 percent from 2022 to 2023.
Find the latest Prada S.p.A. (PRDSY) stock quote, history, news and other vital information to help you with your stock trading and investing.
Italian fashion group Prada reported a 10% rise in third quarter revenues on Tuesday as a strong performance in Asia and Europe helped to compensate for weakness in the Americas. The Italian luxury owner of Prada and Miu Miu said 2021 revenues rose to €3.36 . Prada Group revenues grew 17 per cent at constant exchange rates to €3.34 .
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Find the latest Prada S.p.A. (PRDSY) stock quote, history, news and other vital information to help you with your stock trading and investing. Italian fashion group Prada reported a 10% rise in third quarter revenues on Tuesday as a strong performance in Asia and Europe helped to compensate for weakness in the Americas. The Italian luxury owner of Prada and Miu Miu said 2021 revenues rose to €3.36 billion (.8 billion) in a statement today. That’s 41 per cent gain versus last year, and 8 per cent on pre-pandemic levels. (In November 2021, Prada forecast sales would climb to €4.5 billion in the medium-term.)
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Prada Group revenues grew 17 per cent at constant exchange rates to €3.34 billion for the nine months ending 30 September 2023, as Miu Miu’s strategy has started to bear fruit and Prada maintains its momentum.
Sales at Italian luxury group Prada rose 22% in the first quarter to 1.065 billion euros (.17 billion), driven by a rebound in China and sustained growth in Europe. Prada revenues surge 41 per cent on full-price sales as luxury leaders recover. Prada sees sales growth continuing as profits beat expectations. Revenues at the Italian fashion group, which also owns Church’s, Miu Miu and Car Shoe, rose 22 . Prada posted a 17% increase in 2023 revenue on a constant-currency basis, while net profit jumped 44% compared with 2022, the company reported on Thursday. Sales and earnings beat analysts'.
Prada sales bounced back sharply in 2021 as pent-up demand for luxury handbags and clothes helped push revenues above pre-pandemic levels, the Italian fashion group said.
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