Previous close | 7.63 |
Open | 7.60 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 7.60 - 7.73 |
52-week range | 5.11 - 8.49 |
Volume | |
Avg. volume | 5,290 |
Market cap | 19.955B |
Beta (5Y monthly) | 1.21 |
PE ratio (TTM) | 27.61 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.14 (1.87%) |
Ex-dividend date | 29 Apr 2024 |
1y target est | N/A |
MILAN (Reuters) -Italy's Prada defied a slowdown across the luxury sector in the first quarter, reporting booming demand for its high fashion brand Miu Miu and continued growth in Asia. Family-owned Prada on Wednesday reported sales up 16% to 1.19 billion euros ($1.27 billion) at constant exchange rates, slightly above a 1.14 billion euro consensus cited by analysts. For Prada, Europe and Asia Pacific, and in particular Japan, drove the sales growth, while the Americas lagged.
French luxury group Kering on Thursday named former Louis Vuitton and Prada communications executive Stefano Cantino as deputy CEO of Gucci to help steer a revival of the Italian label. Cantino, who will start on May 2, will report to Jean-François Palus, Gucci's President and CEO, the statement said. "In this newly created position, Stefano Cantino will share with Jean-François Palus the responsibility to define and implement the brand strategy," it said.
(Bloomberg) -- Prada SpA should confirm the resilience of demand for luxury brands in Asia when it reports earnings, shrugging off lukewarm consumer sentiment in China. Most Read from BloombergThese Are the Best Countries for Wealthy ExpatsSlow US Inflation Retreat Is Set to Bolster Fed Patience on Rate CutsIs Now the Right Time to Invest in Bitcoin?Billions Pour Into Nigeria as Tinubu’s Reforms Start to Pay OffJapan has been among the world’s strongest luxury markets as a weaker yen attracted t