Credit: Zara Inditex reports steady growth in first quarter results
Group sales reached €8.3 billion, marking a year-on-year increase of 1.5%. When measured in constant currency, sales rose by 4.2%, and adjusting for the leap year calendar effect, this growth reached 5.3%.
The company also opened new stores in 26 markets, operating a total of 5,562 locations at the end of the period.
Gross profit for the quarter increased by 1.5% to €5 billion, maintaining a gross margin of 60.6%, unchanged from Q1 2024. EBITDA rose by 1% to €2.4 billion, while EBIT recorded a marginal increase of 0.3%, totalling €1.6 billion. Net income edged up by 0.8% to €1.3 billion.
In the early part of the second quarter, between May 1 and June 9, store and online sales in constant currency rose by 6% compared with the same period in 2024.
As part of its long-term strategy, Inditex is executing a logistics expansion plan, allocating €900 million annually in 2024 and 2025 to enhance global distribution capabilities. Capital expenditure for 2025 is projected at approximately €1.8 billion.