Inditex's Q1 Growth: Steady Sales Upsurge for Zara Owner

Inditex, the owner of Zara, reported a 7% increase in sales during the first quarter of its fiscal year, meeting analysts' expectations. This growth marks a slowdown compared to the previous year, which saw a significant boost from post-pandemic shopping.


Reuters | Madrid | Updated: 05-06-2024 11:06 IST | Created: 05-06-2024 11:06 IST
Inditex's Q1 Growth: Steady Sales Upsurge for Zara Owner
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Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with analysts' expectations.

The performance represented a slowdown from a year ago when it benefited from a post-pandemic shopping spree.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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