PRADA(01913)2025-04-30 11:33Financial Performance - Prada Group reported a net revenue of €1,341.3 million for the three months ending March 31, 2025, representing a 12.5% increase compared to the same period in 2024[2]. - Retail sales net revenue increased by 13.0% year-over-year, accounting for 90.6% of total net revenue[5]. - The total net revenue for retail sales was €1,215.8 million, reflecting a 13.5% increase[4]. Retail Sales Growth - Miu Miu's retail sales net revenue surged by 60.2%, while Prada's remained stable with a slight increase of 0.1%[4]. - The Asia-Pacific region saw a retail sales net revenue increase of 9.6%, Europe increased by 14.3%, and the Middle East recorded a robust growth of 26.5%[4]. - Japan's retail sales net revenue increased by 18.0%, supported by strong local demand and positive tourism numbers[9]. - Church's retail sales net revenue recorded a year-over-year growth of 1.8%[7]. Store Operations - The company opened 4 new stores and closed 2, bringing the total number of stores to 611 as of March 31, 2025[5]. Wholesale and Licensing Revenue - Wholesale sales net revenue grew by 6.9% year-over-year, aligning with the company's strategic goals[5]. - Licensing revenue increased by 14.7%, driven by contributions from eyewear and fragrances[5].