Italian luxury fashion house Prada Group posted net revenues of €3.04bn ($3.50bn) for the first half of 2026, up 16% year-on-year (YoY), with organic growth of 5%.
The group said growth accelerated to 7% organic in the second quarter, at constant currency.
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Retail sales rose 12% YoY to €2.63bn, up 3% organic, compared with 10% organic growth in the first half of 2025.
In the second quarter (Q2), retail sales improved to 5% organic from 1% in the first quarter, despite what the company described as a greater impact from the Middle East conflict.
Wholesale sales increased 40% at constant currency to €299m while royalties were up 73% to €116m.
Earnings before interest and taxes (EBIT) was €523m, compared with €607m a year earlier.
Group net income declined to €327m from €386m in the first half of 2025.
By brand, Prada recorded a 3.3% YoY rise in retail sales, with growth reaching 6.3% in the second quarter.
The company said this was driven by broad-based gains across regions, particularly the Americas, Japan and Asia-Pacific, and attributed the performance to like-for-like, full-price sales.
Miu Miu posted a 2.5% YoY increase in retail sales.
Second quarter growth was 2.6%, unchanged from the first quarter, against what the group described as a steeper impact from the Middle East conflict and comparatives of 40% growth in the second quarter of 2025.
The group said trends remained strong in the Americas, Asia-Pacific and Japan, while Europe stayed soft though improving.
Versace generated net revenues of €305m in the half and “performed in line with expectations”, with focus on lifting the quality of revenue and strengthening retail execution.
Across regions, Asia-Pacific retail sales rose 15% at constant currency and 6% organic to €922m.
In Europe, retail sales increased 5% at constant currency but fell 4% organic to €752m.
The second quarter showed an improvement of negative 2% on an organic basis amid a recovery in tourist and local spending.
The Americas recorded retail sales growth of 37% at constant currency and 17% organic to €572m.
Japan retail sales rose 6% at constant currency and 2% organic to €288m.
Middle East retail sales declined 24% at constant currency and organic to €98m, as the regional conflict continued through the second quarter, though the group said local consumption remained relatively resilient.
Prada Group CEO Andrea Guerra said: “We close the first six months of the year with solid results, accelerating in the second quarter on a positive Q1.
“At Prada, the team effort resulted into a strong Q2 performance, and we will continue to work relentlessly across product, retail and communication to drive the brand towards its full potential.”
