Zara Parent Inditex Posts Sales Growth Amid Middle East Disruption
By Andrea Figueras
Zara-owner Inditex reported an acceleration in sales growth at the start of its fiscal year, at a time when retailers and other industries face a potential impact from the Middle East conflict.
The Spanish fashion giant said Wednesday that store and online sales grew 9% excluding currency movements from Feb. 1 to March 8 compared with the prior-year period. This marks an uptick in growth from the 7% increase Inditex posted for the year to the end of January.
The results come as retailers face a possible hit from the war in the Middle East, which could prompt a drag on consumer spending due to higher oil and energy prices.
For the quarter to January, which comprises the crucial holiday period, Inditex reported sales of 11.69 billion euros ($13.57 billion), higher than the 11.21 billion euros it made in the same period a year prior. The result compares with analysts' prospects of 11.70 billion euros, according to a poll of estimates compiled by FactSet.
Net profit for the final quarter climbed to 1.6 billion euros from 1.42 billion euros.
For the current fiscal year, Inditex forecasts a stable gross margin, plus or minus 50 basis points, and a negative currency impact on sales of 1%.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
March 11, 2026 03:21 ET (07:21 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
