Zara-owner beat expectations in Q1 earnings with operating profit up 43%
It comes as Inditex SA considers setting up a fund to back environmental start ups
Inditex SA’s first-quarter earnings beat analysts’ expectations, thanks to more efficient stores and as hard-pressed shoppers still accepted price increases.
Operating profit rose 43 per cent to €1.48 billion ($1.6 billion), the Arteixo, Spain-based textile maker said Wednesday. Analysts expected €1.35 billion.
It comes as the retailer is considering setting up a fund to back start ups and technologies that could help improve the firm’s environmental impact.
Inditex has been managing to increase sales with ...