Inditex (ITX.ES) Q1 2025 profits

The shares of Zara Malik Inditex More than 6 % fell on Wednesday, after it was deployed to a weaker quarterly sales than expected and I know a slower start for the summer season more than last year amid the broader economic uncertainty.

The Spanish retail company has reported revenues of 8.27 billion euros (9.44 billion dollars) in the first financial quarter covering from February 1 to April 30, slightly shy of 8.39 billion euros by LSEG analysts.

The net income reached 1.3 billion euros per quarter, compared to 1.32 billion analysts in Euro.

The 6.4 % stake decreased shortly after the market was opened in London.

The company also reported a slower start of summer sales, which increased by 6 % with fixed operations from May 1 to June 9 to 12 % growth in the same period last year on a fixed currency.

Inditex, which also has a series of high -street brands including Pull & Bear, Bershka and Massimo Dutti, is often seen as a measure of broader consumer feelings and a major measure of spending patterns.

The company, which is the United States as its second largest market after Spain, said that the impact of definitions on consumer spending is currently unclear.

“It is difficult to predict the current environment and we continue to monitor the situation,” said Gorca Garcia Tabia Toraga, head of investor relations in Industx, during a profit call.

However, he said that the various and flexible supply chains of the company will help reduce the worst effect. Inditex currently produces most of its products in different parts of Asia, as well as Spain, Portugal, Morocco, Turkey, Brazil and Argentina.

“We see growth opportunities worldwide, and not only in one market,” he added.

Once again in March, Inditex Apply a slowdown tag At the request at the beginning of the year, that is, the CEO of García Maciras at a time attributed to uncertainty about the definitions.

The shares decreased on the comments and the stock is currently less than 12 % of its peak on December 4, as of the two.

The comments came when Inditex sales increased annually in the fourth quarter to 11.21 billion, and meet expectations. Follow a Miss is rare On sales and profit in the third quarter, as floods in Spain affected consumer spending.

Inditex also dug clear in the high street competitor H & MWhich was published weaker than expected Revenue for the first quarter In March, with continued sales to soften the Swedish fashion giant.

However, retail giants have struggled as competition from low -cost fast -cost fashion brands such as Shein and Temu Chinese.