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4w ago

Inditex Posts Modest H1 Growth as Currency Weighs, Early‑Autumn Sales Rebound Lifts Shares

A 9% sales pickup since August steadied sentiment after currency headwinds limited reported growth.

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Inditex is improving its logistics to deliver online orders faster than rivals and investing in larger, more modern stores

Overview

  • The Zara owner reported first‑half revenue of €18.4 billion with net income of €2.8 billion, as sales rose 5.1% at constant currency but only 1.6% on a reported basis.
  • Second‑quarter revenue was stated at €10.13 billion with 5.8% constant‑currency growth, while one outlet cited €10.08 billion and said that trailed a €10.26 billion consensus.
  • Inditex said store and online sales grew 9% at constant currency from Aug. 1 to Sept. 7, helping push the shares up more than 7% on Wednesday, according to market data reported by AFP.
  • Management highlighted its integrated model and agile supply chain, with soft‑tag technology fully deployed at Zara and RFID rollout extending to Bershka and Pull&Bear.
  • The group is investing in logistics and larger upgraded stores, backing AI firm Theker Robotics, expanding Lefties outlets, guiding for roughly 5% gross space growth, and planning about €1.8 billion in capex.