Zara owner Inditex sees autumn sales boost after profit surge
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Inditex, the owner of Zara, Pull & Bear, and Bershka, reported a 9.9% increase in pre-tax profit to €5.8 billion for the first nine months of the year, driven by strong autumn and winter clothing sales.
December 11, 2024 | 8:30 am
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Inditex, trading as IDEXY in the US, reported a 9.9% increase in pre-tax profit to €5.8 billion, driven by strong autumn and winter clothing sales.
The reported profit surge indicates strong sales performance, likely boosting investor confidence and positively impacting IDEXY's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90