0944 GMT - Prada should be able to outperform the luxury market, largely due to the strong performance of its Miu Miu label, Morgan Stanley analysts write in a research note. The Italian luxury firm--which will report first-quarter results on April 30 after Hong Kong market close--is expected to report organic sales growth of nearly 13%. Similar to other luxury companies, the company's namesake brand isn't immune to macroeconomic challenges across the globe, the analysts say. Despite headwinds in the luxury sector and a more challenging environment, Miu Miu looks set to continue enjoying strong momentum, they add. Shares are down 1.1% at 55.90 Honk Kong dollars. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
March 26, 2025 05:44 ET (09:44 GMT)
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