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.

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.