Italian luxury group Prada saw a 17% rise in net revenues last year, driven by growth in Asia. The increase aligns with analysts' expectations. Prada's sales performance in Q4 outperformed Q3, showing a positive trend in the luxury industry.
Some old school trend following shops are posting insane February returns 20-40%+ 😱
It's early days of course & this will be a year of much more normalised growth for the luxury industry, but in Jan & Feb, Prada is running at a similar pace to Q4's 17%. 🔥🔥 $LVMUY $CFRUY $HESAY $PPRUY https://t.co/r5M5CCH7Uz
Prada joins Richemont & Hermes in reporting Q4 acceleration. Sales improved from +10% in Q3 to +17% in Q4. Add in LVMH & big guns in luxury have hugely outperformed also rans & defied pundit 'slump' talk. $CFRUY $HESAY $LVMUY https://t.co/o0njGgiTxb
⚠️ PRADA SALES ROSE 17% LAST YEAR, DRIVEN BY ASIA, MIU MIU BRAND Full Story → https://t.co/WTILqZsyaT Net revenues at Italian luxury group Prada rose 17% at constant exchange rates last year, broadly in line with analysts' expectations, driven by growth in Asia and the… https://t.co/i1uGvTIz33
CHART OF THE DAY: Tough January/February Comps Ease From Here https://t.co/PDF993hsRF via @hedgeye