Prada Group reported a 15% rise in nine-month net revenues at constant currency on Thursday, as the consolidation of Versace masked a third-quarter slowdown in organic retail sales at its two flagship brands.
Net revenues reached 4.54 billion euros in the first nine months of 2026, up 12% at reported exchange rates from 4.07 billion euros a year earlier. Excluding Versace, organic growth was 4% at constant currency.
Retail sales rose 11% to 3.93 billion euros, but organic growth was just 2%. In the third quarter alone, organic retail sales were flat, underscoring what Chief Executive Andrea Guerra described as a “particularly challenging” industry backdrop.
“The Group showed good resilience, underpinned by brand desirability and strong retail execution,” Guerra said in the results statement.
Also Read: Bangladesh Ranks 7th in Footwear Output, Eyes $5 Billion Export Growth
Miu Miu was the weak spot, with retail sales up 1% organically over nine months to 1.16 billion euros and down 3% in the third quarter. Prada brand retail sales, at 2.41 billion euros, rose 2% over the period and 1% in the quarter. Versace also added 322 million euros, and the group said its strategic priorities for the brand were unchanged.
Wholesale sales climbed 33% at reported rates to 428 million euros, while royalties rose 77% to 178 million euros.
By region, the Americas led with organic retail growth of 13% to 851 million euros. Asia Pacific grew 5% organically, Japan rose 2%, Europe slipped 3% and the Middle East fell 23%.
The figures follow a margin squeeze in the first half, when adjusted operating profit fell to 530 million euros, a margin of 17.4% against 22.6% a year earlier. Net financial debt was 692.7 million euros at end-June.
Chairman Patrizio Bertelli said the operating environment “remains complex and volatile” but that the group would keep building for the long term.