Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Fast fashion group Inditex sold more clothes, made more money and started autumn strongly, yet the stock still fell because expectations were already so high that even another record performance was not enough to keep investors fully satisfied.
Inditex shares dropped around 3% after the Zara owner reported another record first half but delivered slightly softer profitability than investors had hoped for.
Sales reached €19.76 billion (about $23 billion) in the six months to July, up 7.6% year on year and the highest first-half figure in the group's history, while constant-currency growth was even stronger at 9.2%.
Net profit increased 6.8% to a record €2.98 billion, while EBITDA rose 7.8% to €5.51 billion and operating profit increased 7.6% to €3.84 billion.
#record #Stock
Fast fashion group Inditex sold more clothes, made more money and started autumn strongly, yet the stock still fell because expectations were already so high that even another record performance was not enough to keep investors fully satisfied.
Inditex shares dropped around 3% after the Zara owner reported another record first half but delivered slightly softer profitability than investors had hoped for.
Sales reached €19.76 billion (about $23 billion) in the six months to July, up 7.6% year on year and the highest first-half figure in the group's history, while constant-currency growth was even stronger at 9.2%.
Net profit increased 6.8% to a record €2.98 billion, while EBITDA rose 7.8% to €5.51 billion and operating profit increased 7.6% to €3.84 billion.
#record #Stock
4 days ago
