Inditex (ITX.ES) sets a new record in its quarterly results, highlighting not only the improvement compared to previous periods, but also with its competitors who offered finances that reflected a deterioration in significant consumption. It seems that Inditex is immunized or is the exception within the sector.
- Revenue: €7,611 million vs. €6,742 million in Q1 2022. (+12.89%)
- Cost of sales: €3,008 million vs. €2,688 million in Q1 2022. (+11.90%)
- Gross margin: 60.5% vs. 60.1% in Q1 2022
- Net Profit: €1,168 million vs. €760 million in Q1 2022. (+53.68%)
- Earnings per Share (EPS): €0.375 vs. €0.244 in Q1 of 2022.
The company highlighted that its new spring/summer collection campaign continues to be preferred among consumers. In turn, it communicated the start of its business in new Asian countries. Cambodia enters the list of countries where Inditex has a presence.
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Create account Try a demo Download mobile app Download mobile appOn the other hand, the Board of Directors will propose to the General Shareholders' Meeting the approval of a dividend of €1.2 per share charged to the results of 2022. Being the payment of two amounts of €0.6, the first was already paid on May 2 and a second at the end of the year on November 2, 2023.
He stressed that on this occasion, sales were not offered broken down in physical store and online, whose representativeness of the latter reaches 30% of the total. The reform of its physical stores, partly converted into logistics collection units, clearly reflects the adaptation of the company to the consumption habits of customers.
At today's open, Inditex shares shot up 4% and at the time of writing, gains exceed 6.2% gain from yesterday's close. It is important to note that the share price is in the momentum zone to attack its all-time highs at €36.90 per share.
INDITEX (ITX.ES), D1. Source: xStation
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