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Prada Expands New York Flagship Store With New Lease Agreement
Express News | Prada Spa - Prada USA and 720 Fifth USA Entered Deal for Leasing Premises for Term of 3 Years for USD 20 Mln per Year
[Brokerage Focus] HAITONG INT'L maintains a "buy" rating on PRADA (01913), expecting profitability to further improve.
Jingwu Financial News | HAITONG INT'L released a Research Report indicating that PRADA (01913) expects a 14.9% year-on-year increase in revenue for 2024, reaching 5.43 billion euros, with gross margin decreasing by 0.6 percentage points to 79.8%. EBIT margin increased by 1.1 percentage points to 23.6% (the highest since 2015), net income grew 25% year-on-year to 0.839 billion euros, and net margin increased by 1.2 percentage points to 15.4%. With neutral Exchange Rates, retail revenue for 24Q4 from PRADA/Miu Miu is projected to grow by 4%/84% (23Q4: 10%/82%), with annual growth rates of 4%/9% respectively.
Prada S.p.A. Announces Virtual AGM for April 2025
More Luxury Companies Could Implement Price Increases Soon -- Market Talk
Prada Expands Into Luxury Dining at Rong Zhai
