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Retail Earnings

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Prada Group

Global luxury groups · 1913.HK

The Japan read

From the company's own filing for 9M 2026 (to September) · revenue only · reported 2026-10-22 · the filing

+5.0%Japan salesPrada's own-store sales in Japan, at constant exchange rates. Organic (excluding Versace): up 2%. In euros: down 6%, to €424m from €450m.

Other callouts in the filing

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

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floortok holds 3 reported periods for this company.

9M 2026 (to September) · revenue only · Year-to-Date

Reported 2026-10-22revenue only
Net revenues€4.5bn+12.0%
Operating profit——
Net income——

Japan+5.0%Prada's own-store sales in Japan, at constant exchange rates. Organic (excluding Versace): up 2%. In euros: down 6%, to €424m from €450m.

The Prada and Miu Miu owner reported nine-month net revenues of €4,541mn, up 12% as reported (+15% at constant currency, +4% organic once newly consolidated Versace's €441mn is excluded). Retail sales reached €3,934mn, up 11% at constant currency and 2% organic. Japan retail sales were €424mn: up 5% at constant currency and 2% organic on what the group called steady local demand, but down 6% in euros as the weaker yen more than erased the gain. Prada brand retail grew 2% and Miu Miu 1% against a +41% comparison. This release carries revenue only; no profit figures were given.

H1 2026 (to June) · Year-to-Date

Reported 2026-07-30
Net revenues€3.0bn+11.0%
EBIT Adjusted€0.5bn−14.0%
Net income€0.3bn−15.0%

Japan+6.0%Prada's own-store sales, excluding currency swings and now including Versace. Without Versace: up 2%. In euros: down 7%.

The Prada and Miu Miu owner grew first-half net revenue 5% organically (16% at constant currency once newly-consolidated Versace, which added €305mn, is counted; +11% as reported). EBIT Adjusted margin held steady on an organic basis but fell to 17.4% including Versace and a weaker euro, and net income slipped to €327mn. Japan turned positive — retail sales there rose 6% at constant currency (2% organic) on firmer local spending and returning travellers, even as the weaker yen left the euro-reported figure down 7%.

  • JapanJapan retail sales turned positive: +2% organic and +6% at constant currency including Versace, with Q2 improving on solid local consumption and more demand from travellers.
  • Not disclosedPrada splits only retail sales by region, not wholesale or royalties; Japan was about 11% of retail sales (€288m of €2,633m, floortok's arithmetic).
  • BasisIn euros, Japan retail sales fell 7% to €288m from €310m, as the weaker yen more than wiped out the constant-currency gain.
  • BasisNewly consolidated Versace added €305m of net revenues, which explains the gap between constant-currency and organic growth; Japan's +6% and +2% carry the same split.
  • SegmentBoth core brands named Japan among their firmer markets: Prada retail rose 3.3% (Q2 +6.3%) on like-for-like full-price sales, and Miu Miu (+2.5%) stayed robust in Japan despite tough comparisons.

Q1 2026 · revenue only · Year-to-Date

Reported 2026-04-30revenue only
Revenue€1.4bn+6.0%
Operating profit——
Net income——

The Prada and Miu Miu owner opened 2026 with first-quarter net revenue up 14% at constant currency (+3% organic, excluding newly acquired Versace). In Japan local demand held firm — retail sales rose 1% at constant currency, though yen weakness cut the reported figure. Half-year profit figures were due 30 July 2026.

  • JapanLocal demand in Japan held firm: retail sales rose 1% at constant currency, though yen weakness cut the reported figure.
  • BasisGroup growth of 14% at constant currency includes newly acquired Versace; excluding it, organic growth was 3%.