Prada Shows Improvement, Gets Miu Miu Boost -- Market Talk

Dow Jones

2025/03/05

1615 GMT - Prada was boosted by Miu Miu, while its namesake brand delivered a positive surprise, Bernstein analysts say in a research note. The Italian luxury fashion group booked revenue of 5.43 billion euros for 2024, up 17% compared with the prior year at constant currency. Growth was supported by continued brand momentum of Miu Miu, which recorded stronger-than-expected organic growth of 84% in the fourth quarter alone, they say. The Prada brand showed a sequential improvement in the last three months compared with the prior quarter, which is a positive surprise, the analysts say. Shares in Hong Kong closed 0.3% lower. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

March 04, 2025 11:15 ET (16:15 GMT)

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The Italian luxury fashion group booked revenue of 5.43 billion euros for 2024, up 17% compared with the prior year at constant currency. Growth was supported by continued brand momentum of Miu Miu, which recorded stronger-than-expected organic growth of 84% in the fourth quarter alone, they say. The Prada brand showed a sequential improvement in the last three months compared with the prior quarter, which is a positive surprise, the analysts say. Shares in Hong Kong closed 0.3% lower. 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The Italian luxury fashion group booked revenue of 5.43 billion euros for 2024, up 17% compared with the prior year at constant currency. Growth was supported by continued brand momentum of Miu Miu, which recorded stronger-than-expected organic growth of 84% in the fourth quarter alone, they say. The Prada brand showed a sequential improvement in the last three months compared with the prior quarter, which is a positive surprise, the analysts say. Shares in Hong Kong closed 0.3% lower. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","BK1577":"香港本地消费股","BK1545":"奢侈品股","LU0181495838.USD":"施罗德新兴亚洲A Acc","BK1227":"服装、服饰与奢侈品","BK1602":"香港零售股","BK1502":"双十一","01913":"普拉达"},"translate_title":"Prada表现出进步，Miu Miu得到提振——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01913":1},"content_text":"1615 GMT - Prada was boosted by Miu Miu, while its namesake brand delivered a positive surprise, Bernstein analysts say in a research note. The Italian luxury fashion group booked revenue of 5.43 billion euros for 2024, up 17% compared with the prior year at constant currency. Growth was supported by continued brand momentum of Miu Miu, which recorded stronger-than-expected organic growth of 84% in the fourth quarter alone, they say. The Prada brand showed a sequential improvement in the last three months compared with the prior quarter, which is a positive surprise, the analysts say. Shares in Hong Kong closed 0.3% lower. (andrea.figueras@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 04, 2025 11:15 ET (16:15 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}