Inditex breaks sales record and boosts profit by 54% in the best first quarter of its history

After closing the 2022 financial year with record profits and revenues, Inditex started this year at full capacity. This is clear from the figures for the first quarter that has...

The fashion multinational Inditex recorded a net profit in its first fiscal quarter (February to April) of 1,168 million euros, up 54%.

In the first quarter of the year, the group managed to exceed the forecasts of some analysts and its securities on the stock market rose 5%

In the first quarter of fiscal year 2023 (February to April), Inditex had profits of 1,168 million euros and opened stores in 17 countries.

The forecasts are good as sales in the second quarter grew by 16%.

The fashion multinational Inditex, which brings together brands such as Zara or Pull&Bear, recorded a net profit in its first fiscal quarter (February to April) of 1,168 million euros, 54% more than in the same period in 2022, which represents the best start to the course. It should be remembered, however, that the company's profit in the first quarter of 2022 was 760 million, which without the provision due to the closures in Russia and Ukraine…