Loading...
Market
Story
Inditex Reports 10% Rise in First-Half Profit to €2.8 Billion, Sales Up 7.2%
Sep 11, 2024, 05:50 AM
Inditex, the owner of Zara, reported a 10% rise in first-half profit, with net income increasing to €2.8 billion. Despite a slower sales growth of 7.2% compared to last year, the company met analysts' expectations amid tougher times for fashion retailers. Inditex's net sales for the first half of 2024 reached €18.07 billion, up from €16.85 billion a year ago. The company expects a stable gross margin for 2024 and has seen strong autumn sales offsetting the first-half slowdown. Sales are rising at the start of the third quarter, driven by popular fashion ranges. Expectations of bumper second quarter sales growth were dampened by a wet and cold June in Spain, its biggest market.
View original story
Similar markets
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Below $5 billion • 25%
$5 billion to $6 billion • 25%
$6 billion to $7 billion • 25%
Above $7 billion • 25%
Below $3.00 • 25%
$3.00 - $3.25 • 25%
$3.26 - $3.50 • 25%
Above $3.50 • 25%
Less than $10 million • 25%
$10 million to $20 million • 25%
$20 million to $30 million • 25%
More than $30 million • 25%
Less than $800 million • 25%
$800 million to $850 million • 25%
$851 million to $900 million • 25%
More than $900 million • 25%
Less than $650 million • 25%
$650 million to $700 million • 25%
$700 million to $750 million • 25%
More than $750 million • 25%
Less than $5 billion • 25%
$5 billion to $7 billion • 25%
$7 billion to $9 billion • 25%
More than $9 billion • 25%
Below $100 million • 25%
$100 million to $150 million • 25%
$150 million to $200 million • 25%
Above $200 million • 25%
Below 5 billion yuan • 25%
5-6 billion yuan • 25%
6-7 billion yuan • 25%
Above 7 billion yuan • 25%
Jane Street • 25%
NVIDIA • 25%
BlackRock • 25%
DRW • 25%
Less than $2 billion • 25%
$2 billion to $3 billion • 25%
$3 billion to $4 billion • 25%
More than $4 billion • 25%
Less than $1 billion • 25%
$1 billion to $1.5 billion • 25%
$1.5 billion to $2 billion • 25%
More than $2 billion • 25%