Prada's Q1 Revenues Exceed €1 Billion EUR With 22% Growth

After reporting record-high annual revenue in 2022, Prada is keeping up its good fortune with a positive first-quarter report for 2023. Surpassing consensus estimates, the leading Italian fashion group saw a 22% increase in sales, reporting net revenue of €1.065 billion EUR.The company's flagship Prada brand saw retail sales jump 21%, while Miu Miu experienced an exponential rise of 42%, when compared year over year. Overall, the Prada Group reported retail sales of €953 million EUR, marking...