Prada Group reports 19th consecutive quarter of growth as Miu Miu continues to soar
The Prada Group has posted a solid performance for the nine months ended 30 September 2025, with net revenues up 9% year-on-year to €4.07 billion (£3.55 billion), marking the luxury group’s 19th consecutive quarter of growth.
Retail sales rose 9% to €3.65 billion (£3.19 billion), driven by strong full-price demand and consistent performance across all regions. The Group noted a robust third quarter, up 8%, maintaining momentum against particularly tough comparatives from last year.
While flagship label Prada saw retail sales dip 2% over the period, the brand continued to demonstrate "creative dynamism," supported by the acclaimed Spring/Summer 2026 womenswear show.
Meanwhile, Miu Miu maintained its remarkable growth trajectory, rising 41% year-on-year - and up 29% in Q3. The brand’s success was attributed to "widespread appreciation across categories and geographies".
Geographical growth at constant exchange rates:
- Asia Pacific up by10%
- Europe up by 6%
- Americas up by 15%
- Japan rose 3%
- Middle East achieved 21% growth
Patrizio Bertelli, Prada Group Chairman and Executive Director, said: "The consistency of our results, in a complex macroeconomic environment, confirms the strength of our brands and the validity of our strategy. With the one just closed, the Group has delivered 19 quarters of uninterrupted growth.
"We continue to focus on creativity, product excellence and craftsmanship as foundations for enduring relevance and long-term development."
Andrea Guerra, Group Chief Executive Officer, added: "Our performance confirms the health of our brands and solid execution by our teams. Prada accelerated versus the previous quarter; Miu Miu has maintained a sustained growth trajectory for four years.
"Despite a still challenging environment, we remain confident in our trajectory, focusing on products and experiences that spark emotional engagement, while further improving our speed and flexibility."
Prada’s results come just days after Kering reported a 10% drop in third-quarter revenues, weighed down by continued softness at Gucci, which remains in the midst of a turnaround. The contrast underscores a widening gap between the luxury sector’s winners and those in transition.
