Popular Posts Retail

Inditex’s Q1 net profit soared 80% to €760 million

Inditex’s Q1 net profit soared 80% to €760 million

The fast fashion retailer is seeing good growth as its sales beat pre-pandemic levels, hitting €6.7 billion for a rise of 36% year-on-year.

The group said gross profit increased 37% to €4.1 billion. The gross margin hit 60.1% and the highest figure in 10 years.

Its pre-Covid Q1 (the three months to the end of April 2019) had seen it reporting profits of €734 million on sales of €5.93 billion.

The company said the period was marked by “a significant rebound in traffic to Inditex’s stores” with its shop sales having “increased markedly”.

Related posts

Home furnishing retailer IKEA to invest INR 3K Cr more in India

Nike Goes Strong in China; Disappoints America

Perfect Sourcing Newsdesk

JC PENNEY transfers USD 2.8Bn to Pension Beneficiaries

PS NewsDesk

Leave a Comment