Inditex reported €8.75 billion in Q1 net sales, beating expectations with an 8.8% rise in constant currency terms.
Inditex posted first-quarter net sales of €8.75 billion, an 8.8% increase in constant currency, driven by robust early summer trading. The company’s stock rose as much as 5% following the release, reflecting stronger-than-expected performance.
Store and online sales for the May 1-to-June 1 period surged 11.5% in constant currency, outpacing the same period last year. Analysts had anticipated roughly 8% growth for the stretch. Net income reached €1.4 billion, up 5.4% year-over-year, while gross profit climbed 6.9% to €5.4 billion.
The company’s CFO noted supply chain adaptations mitigated freight disruptions, though elevated costs have yet to fully impact earnings. Gross margin improved to 61.2% from 60.6% a year earlier, with EBITDA rising 7.3% to €2.6 billion.