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Zara owner Inditex’s quarterly profit jumps 80% on post-Covid wardrobe renewals By Reuters

by Reuters
June 8, 2022
in Stock Market
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© Reuters. FILE PHOTO: Zara’s brand is displayed on a window, at one of many firm’s largest shops on this planet, in Madrid, Spain, April 7, 2022. REUTERS/Juan Medina/File Picture

MADRID (Reuters) – Style large Zara’s proprietor Inditex (BME:) reported on Wednesday its web revenue within the February-April interval jumped 80% to 760 million euros ($812.06 million), consistent with analysts’ expectations as gross sales surpassed pre-pandemic ranges.

Gross sales on the world’s largest quick style retailer reached 6.7 billion euros, 36% greater than a yr in the past.

Within the interval in 2019, earlier than the coronavirus pandemic struck, Inditex reported a revenue of 734 million euros and gross sales of 5.93 billion euros.

($1 = 0.9359 euros)



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Tags: InditexsJumpsOwnerPostCOVIDProfitQuarterlyrenewalsReuterswardrobeZara
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