Inditex : Q2 2024 EBIT 3% above, August sales up 11%
>Double digit top-line growth continues - Today, Inditex released results for Q2 2024 which ended in July. Q2 sales increased 7% y-o-y to € 9,915m (consensus: € 9,864m, ODDO BHFe: € 9,872m) and was 1% above the consensus. It reflects a 10% increase at constant currencies and forex effects of -3% and compares to 12% growth at constant currencies for May. Keep in mind that June and July faced tougher comparatives. The gross margin increased 20bp to 56.5% as expected. E...Industria de Diseno Textil Inditex is the parent company of a group engaged in apparel and footwear manufacturing and retailing. The Group is made up of fashion retail chains, textile manufacturing, purchasing and fabric treating companies, logistics and construction companies which are responsible for store refits and manufacturing structure. Products include men's, women's and children's wear collections, footwear, and women's lingerie which are sold through the Group's retail store chains of: Zara, Kiddy's Class, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, and Oysho and Zara Home.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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