Inditex Q1 Results Meet Analyst Expectations with 1.6 Billion Euro Operating Profit

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Inditex Q1 Results Meet Analyst Expectations with 1.6 Billion Euro Operating Profit
Photo: Mark Schiefelbein AP/TT

The Spanish clothing chain Inditex reports an operating result of 1.6 billion euro for the first quarter of the company's broken financial year. It was an increase of 0.3 percent compared to the same quarter last year and was in line with the analysts' expectations.

The average forecast was 1.65 billion euro, according to Bloomberg.

Net sales increased by 1.5 percent to 8.3 billion euro. The number of stores decreased by 2.4 percent to 5,562 stores.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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