- Prada’s net revenue for the fiscal year surpassed estimates, coming in at EU4.73 billion, a 12% increase year on year.
- Retail sales also beat expectations, amounting to EU4.19 billion, marking a 12% growth from the previous year.
- Asia Pacific retail sales stood at EU1.45 billion, a 17% increase year on year, exceeding the estimate of EU1.43 billion.
- European retail sales reached EU1.31 billion, up 11% year on year, slightly below the estimate of EU1.32 billion.
- Retail sales in the Americas were EU767 million, a 1.9% decrease year on year, but still higher than the estimated EU733.3 million.
- Middle East retail sales rose by 7.8% year on year to EU180 million, slightly beating the estimate of EU179.4 million.
- Japan’s retail sales saw a significant 31% increase year on year, reaching EU484 million, which was higher than the estimated EU479 million.
- Wholesale sales also beat estimates, coming in at EU433 million, a 12% increase year on year.
- Royalties amounted to EU104 million, a 37% increase year on year, but fell short of the estimate of EU112.1 million.
- Net revenue at constant FX rates rose by 17%, higher than the estimated 15.5% increase.
- The gross margin was 80.4%, up from 78.8% the previous year, and slightly higher than the estimated 80.1%.
- Adjusted Ebit was EU1.06 billion, a 26% increase year on year.
- Net income was EU671 million, up 44% year on year, and higher than the estimated EU653.5 million.
- Capital expenditure was EU753 million, significantly higher than the EU276 million the previous year.
- The dividend per share was EU0.137, slightly below the estimated EU0.15.
- CEO Andrea Guerra stated that the company aims to continue delivering solid, sustainable, above-market growth, despite the quarterly growth trajectory not being linear.
A look at Prada S.P.A. Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
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. is an Italian fashion company that has been making waves in the industry for decades. With a focus on high-end leather goods, ready-to-wear and footwear, the company has established itself as a top player in the luxury market. Utilising the Smartkarma Smart Scores, Prada S.p.A. has been given an overall outlook score of 3 out of 5, indicating a positive long-term outlook for the company.
While Prada S.p.A. may not have the highest scores in all categories, it has a strong score of 5 for growth, indicating potential for future expansion and success. This is supported by its momentum score of 4, showing that the company is currently on an upward trend. With a score of 3 for both value and resilience, Prada S.p.A. is considered to have moderate value and a moderate ability to weather potential challenges. Its dividend score of 3 suggests that the company may offer a stable return for investors. Overall, Prada S.p.A. is a well-established and promising company that is worth keeping an eye on in the luxury fashion market.
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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