Italian luxury group Prada Group reported net revenues of €4.54bn ($4.99bn) for the nine months ended 30 September 2026, up 12% on a reported basis.

At constant exchange rates, net revenues grew 15%, or 4% organically.

Total retail sales reached €3.93bn, rising 11% at constant exchange rates and 2% on an organic basis. Third-quarter (Q3) retail sales remained stable organically.

Wholesale revenue rose 35% at constant exchange rates to €428m, while royalties increased 77% to €178m.

By brand, Prada retail sales grew 2% during the nine-month period and 1% in the third quarter.

Miu Miu retail sales rose 1% over the nine months but fell 3% in Q3, against comparative growth of 41% in the first nine months of 2025 and 29% in Q3 2025.

Excluding the Middle East, Miu Miu’s Q3 sales were broadly stable.

Currently being integrated into the group is Versace, which contributed €441m in net revenues.

The Americas served as the strongest-performing retail region, generating €851m, up 33% at constant exchange rates and 13% organically.

Retail sales in Asia Pacific rose 12%, or 5% organically, to €1.34bn, while Japan grew 5%, or 2% organically, to €424m.

Europe recorded €1.18bn in retail sales, representing a 5% increase at constant exchange rates but a 3% decline organically.

Middle East retail sales fell 23%, with the group citing continued challenging conditions in the region, though it said performance improved quarter-on-quarter.

As of 30 June 2026, Prada Group operated 832 stores, alongside 24 owned factories and 17,816 employees.

Prada Group chairman and executive director Patrizio Bertelli said: “The environment remains complex and volatile, requiring focus, agility and rigorous execution. Against this backdrop, we continue to build on the foundations of creativity, product excellence, and manufacturing know-how.

“While market turbulence is likely to persist, we are confident in our ability to navigate the challenges ahead and will continue to build for the long term, staying true to our identity and leveraging the strengths of our organisation.”