The world's biggest fast fashion company beat expectations with a first-half net profit of 2.5 billion euros ($2.7 billion).
Sales rose 13.5% to 16.9 billion euros and a gross margin of 58.2%.Shoppers carry Zara bags on Fifth Avenue in New York, on Saturday, May 22, 2021.on Wednesday beat expectations with a 40% jump in half-year net profit despite the world's biggest fast fashion company slowing the pace of its price increases.this year by delivering fashion trends faster from nearby suppliers at prices that allow it to cope with inflationary pressures.
"Given recent performance, many investors just question how long the strength can go on for," said Bernstein analyst William Woods. "I expect pricing increases to moderate now through the course of the next year," said RBC analyst Richard Chamberlain, adding that the results beat his expectations. With inflation easing, analysts at Bank of America and the Royal Bank of Canada are betting that Inditex is better placed than its peers to compete by offering stable prices and even lowering them next year to continue growing globally.
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