Streetbeat News

IDEXY

Industria De Diseno Textil SA

https://www.inditex.com/es/

CEO

Pablo Isla Alvarez de Tejera

Industry

Clothing Accessories Stores

Open

26.36

Mkt cap

164B

Volume

13K

High

26.36

P/E Ratio

27.64

52-wk high

30.11

Low

26.23

Div yield

0.02

52-wk low

20.44

Industria de Diseño Textil, S.A. (IDEXY) held its Q3 2024 earnings call, discussing financial results and company performance. Key participants included the CEO, CFO, and Capital Markets Director, with analysts from major financial institutions attending.

Portfolio Pulse from

December 11, 2024 | 4:15 pm

Zara owner Inditex's stock fell nearly 6% after reporting a 9.9% increase in pre-tax profit and a 7.1% rise in sales for the first nine months of the year, which did not meet high market expectations.

Portfolio Pulse from

December 11, 2024 | 11:45 am

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.

Portfolio Pulse from

December 11, 2024 | 8:30 am

Zara owner Inditex has reported a strong start to the holiday shopping season, with a 9% increase in revenues over six weeks, outperforming its rivals.

Portfolio Pulse from

December 11, 2024 | 7:15 am

Inditex, the owner of Zara, Pull & Bear, and Bershka, is expected to increase its guidance in the upcoming third-quarter results. UBS analysts suggest that a third-quarter earnings beat and an upgrade to its full-year outlook are anticipated, as indicated by the recent surge in the company's share price.

Portfolio Pulse from

December 06, 2024 | 12:00 pm

Shein faces challenges in its overseas IPO plans due to political and regulatory scrutiny in the UK and US. A proposed US tax change could increase Shein's prices by 20%, affecting its competitive edge. The company also faces scrutiny from Chinese regulators.

Portfolio Pulse from The Bamboo Works

September 25, 2024 | 5:15 pm

Shein is considering moving its IPO from the U.S. to London due to regulatory challenges with the SEC. The company, originally from China but now based in Singapore, is also looking at other locations like Hong Kong and Singapore for its listing. This decision comes amid a tough year for IPOs in the UK and growing competition from companies like Industria De Diseno's Lefties and PDD Holdings' Temu.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 7:34 am

Industria De Diseno (OTC:IDEXY), Zara's parent company, is expanding its budget brand Lefties to compete with Shein's fast-fashion dominance. Lefties, initially an outlet for Zara's surplus stock, now operates in 17 countries and is leveraging social media marketing similar to Shein's strategy. This move comes as Shein faces valuation challenges, with its IPO and investor interest waning. Inditex's strategic focus on Lefties aims to capture value-conscious consumers and maintain competitiveness in the fast-fashion industry.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 8:13 am

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