Skip to main content

Market Overview

Inditex Q1 Profit Jumps


Zara Parent INDUSTRIA DE DISENO (OTC: IDEXY) reported a 28 percent gain in its net profit for the first quarter.

Inditex's quarterly net profit surged to EUR521 million ($577.97 million), versus a year-ago profit of EUR406 million.

Its sales rose 17 percent to EUR4.37 billion. Earnings before interest and tax jumped to 664 million euros from 530 million euros.

Between February 1 and June 7, sales in stores and online climbed 13.5 percent in constant currencies, versus an 11 percent growth in 2014.

Gross margin for the quarter widened 50 basis points to 59.4 percent versus 58.9 percent.

The company opened 63 new stores in the quarter.

Inditex shares gained 1.32 percent to close at $16.84 yesterday.


Related Articles (IDEXY)

View Comments and Join the Discussion!

Posted-In: profitEarnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at