Inditex posts solid nine-month revenue growth
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Apparel giant Inditex says its net revenue grew by 7.1 per cent, reaching US$29.04 billion (€27.4 billion) for its first nine months.
The company says the results reflect strong growth for its physical stores and online channels.
Inditex’s gross profit increased by 7.2 per cent, totalling $17.33 billion (€16.3 billion), while its EBITDA jumped by 9.3 per cent, reaching $6.09 billion (€5.7 billion).
The company continued its expansion, with 45 new store openings across multiple markets. By the end of the period, Inditex operated 5659 stores globally.
Looking ahead, Inditex said it’s focused on its long-term growth, with an investment of $951 million (€900 million) annually in logistics for this year and the next. This investment aims to improve the company’s logistics capacity and enhance its integrated business model.
Zara, Inditex’s flagship brand, continues to lead the portfolio, along with other brands such as Bershka, Massimo Dutti, Oysho, Pull&Bear, Stradivarius, Uterqüe, and Lefties.
Questions & Answers
Q.What was Inditex's total revenue for the first nine months?
What was Inditex's total revenue for the first nine months?
Inditex reported a net revenue of US$29.04 billion (€27.4 billion) for its first nine months. This figure represents a 7.1 per cent growth compared to the previous period.
Q.How much is Inditex investing in logistics for the coming year?
How much is Inditex investing in logistics for the coming year?
Inditex is investing $951 million (€900 million) annually in logistics for both this year and the next. This investment aims to improve capacity and enhance its integrated business model.
Q.How many new stores did Inditex open during the period?
How many new stores did Inditex open during the period?
Inditex expanded its physical presence by opening 45 new stores across multiple markets. By the end of the period, the company operated 5659 stores globally.
Q.Which brands are part of Inditex's portfolio?
Which brands are part of Inditex's portfolio?
Inditex's portfolio includes Zara as its flagship brand, alongside Bershka, Massimo Dutti, Oysho, Pull&Bear, Stradivarius, Uterqüe, and Lefties.
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