Prada SpA : Explosive growth still on the agenda for Miu Miu
>Q3 sales 2% above expectations with a doubling of sales at Miu Miu - 9M group sales were € 3,829m, revealing y-o-y cc growth of 17.7% in Q3, our forecasts that was close to the consensus was +15%. For retail – c. 90% of total sales – growth was +18.4% cc, vs our forecast of +15.4%. The Miu Miu brand, which grew by 105.4% in the retail segment (we expected +78% after Q2 at +95.4%), alone produced almost all of the group's growth, with the parent brand Prada marking a ...PRADA is engaged the luxury goods sector where it operates with the Prada, Miu Miu, Church's and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. Co. also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Co.'s products are sold in 70 countries worldwide through a network that included 540 Directly Operated Stores (DOS), and a select network of luxury department stores, independent retailers and franchise stores.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.