Prada SpA (HK:1913)
:1913
Earnings Data
Report Date
May 06, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
1.63Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial picture: solid group revenue and retail growth, strong outperformance from Miu Miu, steady adjusted profitability and improved working capital, accompanied by strategic investments in digital, stores and sustainability. Key near‑term challenges include FX headwinds, Prada's modest decline (now improving), selective wholesale disruption, and the expected dilutive, transitional impact from the newly acquired Versace business as it is repositioned. Management emphasized discipline, margin protection (ex‑Versace), and a patient, phased plan for Versace and store/channel optimization.Company Guidance
Group Revenue Growth
Net revenues of EUR 5.7 billion, up 9% versus FY24 at constant FX and +8% organic year‑on‑year (reported growth +5% after a c.380 bps FX headwind). This marks the fifth consecutive year of group growth.
Retail Sales Momentum
Retail sales of EUR 5.1 billion, up 8% organic versus FY24 and up 28% versus FY23 at constant FX; retail was the key top‑line driver with like‑for‑like full‑price sales plus contributions from average price and full‑price volumes.
Miu Miu Outperformance
Miu Miu retail sales grew 35% to EUR 1.6 billion; Q4 +20% (vs +84% prior year) and brand contribution to group retail sales rose to 31% from 25% in FY24. Management expects continued growth and strong desirability.
Strong Adjusted Profitability
EBIT adjusted of EUR 1.32 billion with an EBITA adjusted margin of 23.2% including one month of Versace; pre‑Versace EBIT adjusted margin was steady versus 2024 and on a constant currency basis margin improved year‑on‑year.
Net Income and Cash/Balance Sheet Strength
Net income of EUR 852 million, +2% vs FY24. Healthy balance sheet with net debt of EUR 466 million after CapEx and the Versace acquisition (EUR 1.2 billion acquisition, EUR 420 million dividends).
Geographic Gains
Regionally positive performance: Americas +18% (15% organic), Asia Pacific +11% (10% organic), Europe +5% (4% organic), Japan +3%, Middle East +15% — growth across all regions despite mixed comp dynamics.
Margin and Cost Discipline
Gross margin improved by c.50 bps to 8.3% (as reported) benefiting from operating leverage and channel mix; G&A efficiencies and operating leverage more than offset higher marketing and selling costs.
Operational Improvements: Working Capital & Inventory
Net working capital and inventory control improved year‑on‑year on an organic basis; 'incidents on net sales' improved from 15% to 14%.
Strategic Investment in Brand, Digital and ESG
Continued higher‑than‑proportionate investment in people, desirability, digital/AI tools and store hospitality while maintaining profitability. ESG progress includes exceeding SBT for Scope 1 & 2 emissions, gender equality certification in Italy, and ocean education initiatives.
Acquisition of Versace and Leadership Appointments
Versace acquisition closed Dec 2; full‑year Versace revenues ~EUR 680 million (pro‑forma). Pieter Mulier appointed Chief Creative Officer (joining July) and initial integration/repositioning plan underway to restore premium full‑price positioning.
HK:1913 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HK:1913 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 05, 2026 | HK$42.38 | HK$43.38 | +2.36% |
Oct 23, 2025 | HK$46.70 | HK$46.30 | -0.86% |
Jul 30, 2025 | HK$47.50 | HK$46.80 | -1.47% |
Apr 30, 2025 | HK$47.64 | HK$47.06 | -1.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Prada SpA (HK:1913) report earnings?
Prada SpA (HK:1913) is schdueled to report earning on May 06, 2026, TBA (Confirmed).
What is Prada SpA (HK:1913) earnings time?
Prada SpA (HK:1913) earnings time is at May 06, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Prada SpA stock?
The P/E ratio of Prada SpA is N/A.
What is HK:1913 EPS forecast?
Currently, no data Available