Prada SpA

01913: XHKG (HKG)
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Prada: Hot Weather and Tough Comparable Weigh on Sales; Shares Attractive

Prada Group’s net revenue grew 1% at constant currency (11% including Versace) in the third quarter, but growth decelerated sequentially due to tough year-over-year comparisons and unseasonably warm weather that reduced foot traffic.

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