Fashion giant Inditex has reported a rise in annual sales and profits, and said the new year is off to a good start.
Inditex, which owns fascias including Zara, Lefties and Pull & Bear, posted a sales increase of 3.2% to €39.9bn (£34.5bn), “showing very satisfactory development both in stores and online”.
Pre-tax profit advanced 5.8% to €8bn (£6.9bn) in the year to January 31.
The retailer said it had delivered a “robust operating performance” and “the innovation, diversification and flexibility of our integrated model continues to support consistent sales growth and sustained profitability”.
Inditex said that its new spring/summer collections have gone down well with customers. Store and online sales in constant currency were up 9% year on year between February 1 and March 8.
Inditex chief executive Óscar García Maceiras said: “These results reflect the ability of our teams to honour the trust that millions of customers place in our eight commercial formats every day. Connecting with them, understanding their desires and delivering the best product and a differentiated experience underpin our long-term growth expectations.”
The retailer reported that it expected capital expenditure of around €2.3bn (£1.9bn) in 2026. It said: “This investment will be mainly dedicated to the optimisation of our commercial space, its technological integration and the improvement of our online platforms.”
Inditex’s results come as its Lefties brand is expected to make its UK debut later this year.
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