inditex

In the World 25th October 2024

Inditex launches second-hand clothing platform in US, first market outside Europe for this initiative

Alphavalue / Divacons | The Spanish fashion company launches Zara ‘Pre Owned’, the brand’s second-hand, garment repair and donation platform, in the United States, the first market outside Europe where it is launching this initiative, company sources told Europa Press. Thus, it joins the 16 European markets where it already offers repair, donation and sale between individuals: Germany, Austria, Belgium, Croatia, Slovakia, Slovenia, Spain, Finland, France, Greece, Ireland, Italy, Luxembourg,…

World economy 24th September 2024

Zara Streaming distribution channel – already operating in China – to start in Europe on Wednesday

Renta 4 | The textile company will launch its Zara Streaming channel on 25 September. Zara began selling clothes via live or streaming internet broadcasts in November 2023 in China. Inditex announced in the presentation of 2Q24 results that it would extend streaming sales to the main European markets in the same month of September. For its launch in Europe, Inditex will count on the participation of the models Cindy…

Spanish economy 12th September 2024

Inditex: Deserving Of Even More Credit

Jefferies | ITX confirmed that it firmly belongs to the small group of consumer stocks still delivering handsomely for shareholders. Suspicion around the sustainability of sales delivery likely has been key to ITX’s derating versus relevant peers (we estimate by >25% in the past 18 months). And yet the group’s competitive moat is becoming wider, and relative revision momentum stronger. PT upped to €54 as we expect the valuation gap…

Spanish economy 5th June 2024

Inditex continue to deliver ample market share gains

ITX’s Q1 results (in-line) and current trading (amply ahead) confirm the by- now-well-recognised investment narrative. One that sees the group continue to deliver ample market share gains. It is true that gross margin progress is now much more measured, and in turn the benefits to EBIT margin expansion more modest. Still, the net output in terms of earnings growth and TSR offered to shareholders remains impressive in a broader consumer…

Spanish economy 7th April 2024

Why Inditex is worth twice as much as Santander if it earns half as much

Aurelio Medel (5 Días) | Inditex, the textile empire controlled by Amancio Ortega, has become the Spanish company with the highest stock market value (145,000 million), a capitalisation that is almost double that of Banco Santander (74,000 million). But the surprising thing is that this difference in value bears no relation to profit, neither present nor foreseeable in the medium term. Inditex is today worth twice as much as Santander…

In Europe 2nd April 2024

Inditex reopens today in Ukraine

INDITEX (ITX) returns to Ukraine after two years of closure as a result of the war with the opening of online shops from today, 2 April. To which will be added tomorrow the return to activity of around 20 shops of its seven brands in the Kiev area, to be followed later by those in the Lviv area. Inditex’s objective is to open around fifty of the 80 shops it…

Spanish economy 13th March 2024

Inditex reports record earnings of €5,381m (+30.3%) in 2023, and raises dividend to €1.54/share (yield of 3.84%)

Renta 4: 4Q23 results have met our revenue forecasts and have outperformed in the rest of the main P&L items, although they were in line with consensus forecasts. Revenues €10,338 million (+9% vs 4Q22), gross margin 53.8% (+1 pp vs 4Q22), operating expenses €3,120 million (+8.4% vs 4Q22) growing in line with revenues, EBITDA €2,421 million (+14% vs 4Q22), EBIT €1,617 million (+20% vs 4Q22) and net profit €1,279 million…

Spanish economy 8th February 2024

Inditex to pay up to €1,000 bonus per sales assistant again this year

Norbolsa| The company has agreed with the trade unions to repeat the payment of the annual bonus of €1,000 per shop assistant in Spain (the same as in the previous year). There are 28,000 workers. This bonus, linked to turnover targets and paid once a year, in February, already existed before the pandemic, although the amount was lower, up to €540 per year.

World economy 25th January 2024

Inditex will more than overcome impact of Red Sea conflict, growing above peers’ average

Morgan Stanley| Our analysts have studied the impact of the Red Sea conflict-related transportation issues on 17 retail companies. The average impact is 7% of pre-tax profit on average if rates stay where they are. Estimating a 150% increase in freight rates, the impact on pre-tax profit is -2% in food, -6% in clothing and -14% elsewhere. All this before mitigations. Most companies know how to manage the impacts of…

Spanish economy 18th December 2023

Inditex’s solid results point to +14% year-on-year growth

Morgan Stanley| Inditex (ITX) reported very solid Q3 results with a slight beat in EBIT driven by a strong performance in gross margins, which rose 150bps year-on-year and beat consensus estimates by 70bps. Moreover, all this has led the company to raise margin guidance for FY23. On the other hand, sales came in line with consensus, with +12% cc growth, and current trading activity (1 November to 11 December) points…

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