According to the Zhitong Finance App, Prada (01913) announced unaudited earnings for the nine months ended September 30, 2026. For the nine months ended September 30, 2026, Prada Group generated net revenue of 4,541 billion euros, an increase of 14.5% (endogenous growth +3.5%) over the same period in 2025. Foreign exchange rate fluctuations had a negative impact of approximately 2.9%, leading to the reported increase of 11.6%. Despite the Group's strong growth of +9.3% in nine months of 2025, making the comparison base challenging, net retail sales increased 11.0% year over year (+2.0% endogenous growth). Thanks to brand appeal and efficient retail execution, the third quarter remained stable according to endogenous benchmarks, showing good resilience on a comparative basis of +7.6% growth recorded in the same period in 2025.
During the period, retail channels accounted for 86.6% of total net revenue.
Net wholesale sales increased 35.5% during the period (endogenous growth +17.3%), driven by independent partners and tax exemptions.
Royalty-fee revenue increased 76.5% year over year (endogenous increase +16.1%). This positive trend was due to the contribution of glasses and beauty.
Driven by year-on-year and full-price sales, Prada recorded steady performance within nine months. Net retail sales increased 2.4% over a nine-month period, with growth of +0.6% in the third quarter, while the Americas and Asia Pacific (including China) recorded good performance, while Europe and Japan showed a generally stable trend.
Miu Miu's performance was stable over a nine-month period, while the comparative base for the same period in 2025 was +41.4%. Third-quarter results (-2.7%) reflect a challenging comparison base (+28.6% in the third quarter of 2025) and a less favorable mix of regions in the current environment. If the negative effects of the Middle East conflict were excluded, the performance was generally stable. Retail metrics are still fairly steady.
Versace continues to advance its strategic priorities, and while working to manage the transition, it also lays the foundation for the debut of new ideas in 2027. The brand's integration within the Group is progressing steadily as planned.
Church's net retail sales maintained a positive trend, up 3.2% from the same period in 2025.