Inditex grows Q1 sales 5.8% despite large presence in Middle East
Zara parent Inditex grew sales 5.8% and net profit 5.4% in Q1, ended April 30, navigating a complex geopolitical backdrop. The company operates around 480 franchise stores in the Middle East, all currently open, though sales are being affected. Executives highlighted significant US growth opportunities, driven by low market share. Self-checkouts now account for over 30% of physical store sales. Inditex reported Q1 revenue of 8.75 billion euros ($9.48 billion) and net profit of 1.375 billion euros ($1.49 billion).
Related reading: Zara parent’s Q1: Slower sales growth, faster innovation