Inditex, the Spanish parent of such fast-fashion brands as Zara and Massimo Dutti, raised its sales by 7.1 percent year-on-year, to €27.4 billion, for the first nine months of 2024, according to Diffusion Sport. At this same point last year, sales were up 11.1 percent, to €25.6 billion.
Gross margin was up 7.2 percent, to €16.3 billion, and amounted to 59.4 percent of sales. Net income was up 8.5 percent, to €4.4 billion. At constant currency, sales in stores and online were up 9 percent.
Inditex says it has a low market share in each of its 214 markets and, therefore, sees great opportunity for growth where it already operates. It is expanding its logistics along plans set out for 2024/25, costing about €900 million in extraordinary investments.
