inditex
Madrid (AFP) - Zara owner Inditex, the world's biggest fashion retailer, reported record profits for 2022 despite halting operations in Russia and soaring global inflation. Net profit reached 4.1 billion euros ($4.4 billion) last year, a 27 percent jump from 2021, said Inditex, whose eight brands include younger fashion chain Pull&Bear and upmarket label Massimo Dutti. In-store and online sales for the world's biggest fast fashion retailer also hit a record, surging 17 percent to 32.6 billion euros. "The excellent results of 2022 show the strength of our business model," said Inditex chief exe...
AFP
In the third quarter, Inditex (BME:ITX)’s net income rose to historic highs as sales adjusted for currency changes increased 21% over 2020 levels and 10% compared to 2019. Q3 2021 hedge fund letters, conferences and more The group said the Autumn/Winter collection has been “very well received” with sales between 1 November and 10 December 10% above pre-pandemic levels. Management expects full year gross margins to be around 57.5%, beyond both 2020 and 2019 levels. The group paid a final dividend of €0.35 per share on 2 November. The shares fell 2.7% after the announcement. Inditex Reports Stro...
ValueWalk
Sales in the first quarter were €4.9bn, up 56% from last year, excluding the impact of currency changes. However, that remains 11.5% lower than 2019. The group reported net income of €421m, compared to a €409m loss in 2020 and €734m profit in 2019. Q1 2021 hedge fund letters, conferences and more As at 6 June, 98% of stores were open and sales in the first month of the new quarter came in 102% ahead of 2020 and 5% ahead of 2019. The group plans to pay the remaining €0.35 dividend payment on 2 November 2021, bringing the total to €0.70. The shares were up 1.2% following the announcement. Indite...
ValueWalk
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