- Prada’s net revenue for the first half of 2024 reached €2.55 billion, a 14% year-over-year increase, surpassing the estimated €2.48 billion.
- Net revenue at constant foreign exchange (FX) rates grew by 17%.
- The gross margin stood at 79.8%, slightly down from last year’s 80.3% and below the estimate of 80.2%.
- Gross profit was reported at €2.03 billion, marking a 13% year-over-year rise.
- Retail sales amounted to €2.26 billion, up by 15% year-over-year.
- Asia Pacific retail sales totaled €774 million, showing an 8.1% year-over-year increase but falling short of the €776.8 million estimate.
- European retail sales came in at €682 million, a 17% year-over-year increase, exceeding the estimate of €658.9 million.
- Americas retail sales were €387 million, a 7.2% year-over-year rise, beating the €381.3 million estimate.
- Japan retail sales surged by 38% year-over-year to €309 million, surpassing the estimate of €291.5 million.
- Middle East retail sales reached €110 million, up 20% year-over-year, higher than the €106.2 million estimate.
- Wholesale sales amounted to €225 million.
- Royalties increased by 30% year-over-year to €61 million.
- Adjusted EBIT was €575 million, a 17% year-over-year rise.
- Net income was €383 million, a significant 26% year-over-year increase, beating the estimate of €355.8 million.
- Cash flow from operations was €652 million, up by 28% year-over-year.
- Capital expenditure stood at €169 million, a 12% year-over-year increase.
- Miu Miu showed impressive growth, with retail sales up by 93% year-over-year.
- All comparisons are based on values reported in the company’s original disclosures.
A look at Prada S.P.A. Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Prada S.P.A., an Italian fashion company known for its high-end leather goods and designer clothing, has received positive Smart Scores across the board. With a strong Growth score of 5 and Momentum score of 5, the company is poised for long-term success in terms of expanding its market presence and maintaining a positive stock performance.
While Prada S.P.A. has room for improvement in Value and Dividend scores, scoring 2 and 3 respectively, its Resilience score of 3 indicates a stable foundation in the face of market fluctuations. Overall, investors may find Prada S.P.A. an attractive investment option based on its solid Growth and Momentum scores, showcasing a promising outlook for the company’s future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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