Zara-owner beat expectations in Q1 earnings with operating profit up 43%

📆 07/06/2023 18.07.00
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It comes as Inditex SA considers setting up a fund to back environmental start ups

Inditex SA’s first-quarter earnings beat analysts’ expectations, thanks to more efficient stores and as hard-pressed shoppers still accepted price increases.

Operating profit rose 43 per cent to €1.48 billion , the Arteixo, Spain-based textile maker said Wednesday. Analysts expected €1.35 billion. It comes as the retailer is considering setting up a fund to back start ups and technologies that could help improve the firm’s environmental impact.

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