Overview

• Inditex posted first-quarter revenue of €8.27 billion, falling short of the €8.39 billion consensus forecast.
• Net income reached €1.3 billion, slightly below analysts’ estimate of €1.32 billion.
• Sales from May 1 to June 9 rose 6% on a constant-currency basis, down from a 12% gain in the prior year.
• The company’s share price has slipped about 12% since its December peak amid concerns over slowing growth.
• Inditex has trimmed its global store network by over 100 locations and is investing in logistics and digital tools to boost productivity.