Prada Posts One Percent Revenue Growth
Italian luxury group Prada posted one percent underlying revenue growth in the third quarter, matching market expectations despite headwinds from unusually warm weather that weighed on store traffic.
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PRADA S.P.A. posted a 1% underlying rise in third-quarter revenue on Thursday, matching market forecasts amidst a challenging luxury retail environment. The Italian luxury group outperformed several peers struggling with steep sales declines during an unusually warm summer. Total revenue reached €1.49 billion ($1.67 billion) for the period, up 11% year-on-year.
