Prada First Quarter Revenue Rises 3 Percent on US Demand
Prada reported quarterly revenue of 1.3 billion euros as 15 percent growth in the Americas offset European weakness. Miu Miu sales rose 2.4 percent in the period.
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PRADA S.P.A. reported a 3% rise in first-quarter revenue to €1.3B, missing analyst estimates of €1.4B. Growth in the Americas offset a 22% drop in the Middle East and a 6% decline in Italy and wider Europe. Investors are tracking whether the integration of Versace can sustain growth as the high-performing Miu Miu brand slows.
