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The sales of the owner of Zara rise by 13% to 7,600 million euros

Date: March 4, 2024 Time: 00:27:32

The sales of Inditex, owner of the Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho brands, increased by 13% to 7,600 million euros. The net profit of the company increased by 54% to 1,200 million euros. WWD reports.

Pre-tax profit increased by 14% to €2.2 billion. The company’s inventory level was 5% higher than in the same period last year. In the new quarter, between May 1 and June 4, Inditex sales increased by 16%.

In addition, Inditex shares rose 4.6% this morning to 33.27 euros. This fiscal year, the group’s capital investments will be around 1.6 billion euros, including the introduction of Zara’s new store design with self-service areas and one-click collection points.

It was previously known that Inditex will invest 15 million euros in the Regenerative Fund for Nature. It is organized by the Kering conglomerate together with Conversation International in 2021. We talk about it in more detail here.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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