Inditex, the parent company of Zara, reported record sales for the fiscal year 2023, with revenues reaching €36 billion (£31 billion), a 10.4% increase from the previous year.  Net income for Spain’s largest company grew 30.3% to €5.38 billion, demonstrating the “effectiveness of our integrated store and online strategy”, according to the group. Inditex announced a 28% increase in its full-year dividend to €1.54 per share . The group noted a positive start to 2024, with sales growing 11% in constant currenc ...

Shopper carrying two large shopping bags from the clothing retailer Zara on Oxford Street on 5th February 2024 in London, United Kingdom. Oxford Street is a major retail centre in the West End of the capital and is Europes busiest shopping street with around half a million daily visitors to its approximately 300 shops, the majority of which are fashion and high street clothing stores. (photo by Mike Kemp/In Pictures via Getty Images)Shares of Zara owner Inditex hit record highs on Wednesday according to LSE ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks ...

Financial Data and Key Metrics Changes - The company experienced satisfactory sales growth of 11.1%, reaching EUR25.6 billion, with a net income increase of 32.5% to EUR4.1 billion [3][22][5] - EBITDA grew 13.9% to EUR7.4 billion, and gross profit increased 12.3% to EUR15.2 billion, with a gross margin rise of 67 basis points to 59.4% [5][6][3] - The net cash position improved by 15% to EUR11.5 billion, reflecting strong cash flow generation [24][5] Business Line Data and Key Metrics Changes - Sales growth was robust across all concepts and geographical areas, with a notable 14% increase in store and online sales in constant currency from November 1 to December 11, 2023 [3][20][51] - The company continues to optimize its store designs and has opened new flagship stores in various locations, enhancing customer experience [12][13][28] Market Data and Key Metrics Changes - The company operates in 213 markets with low market penetration, presenting significant global growth opportunities [20][30] - The performance in the US market remains strong, with ongoing expansion and new store openings [61] Company Strategy and Development Direction - The company focuses on maximizing customer appeal, sustainability, and enhancing operational efficiency through a fully integrated business model [19][30] - Initiatives such as the Zara pre-owned platform and the new store design are part of the strategy to drive differentiation and customer engagement [14][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the current season's performance and expects continued sales growth, with an anticipated gross margin increase of around 75 basis points for the fiscal year 2023 [23][55] - The company remains committed to its long-term goals, emphasizing creativity, innovation, and quality in its fashion proposition [30][19] Other Important Information - The company has launched a new weekly livestream experience in China to enhance customer engagement, reflecting its commitment to digital integration [29][66] - The company aims to recruit individuals with disabilities to reach a minimum of 2% in its global workforce by the end of 2024 [50] Q&A Session Summary Question: Expectations for growth in 2024 - Management remains focused on the current season and has upgraded gross margin guidance based on strong sales growth [36][37] Question: Impact of foreign exchange on financial results - Management indicated that foreign exchange impacts are non-cash and depend on end-of-quarter exchange rates [40][41] Question: Online participation growth - Online sales have been positive across all concepts, with expectations for continued secular growth [56] Question: Input cost increases due to wage and duty changes - Management acknowledged potential increases in input costs but did not confirm plans to pass these costs onto customers [69] Question: Performance in the Americas amid softer consumer environment - The company reported strong performance in the US market, with ongoing expansion and new store openings [61]

Industria de Diseño Textil, S.A. (OTCPK:IDEXY) H1 2023 Earnings Conference Call September 13, 2023 3:00 AM ET Company Participants Marcos López - Capital Markets Director Oscar Garcia Maceiras - Chief Executive Officer and Executive Director Ignacio Fernández - Chief Financial Officer James O'Shaughnessy - Senior Investor Relations Manager Conference Call Participants Richard Chamberlain - RBC Capital Markets William Woods - Berstein James Grzinic - Jefferies Anne Critchlow - Societe Generale Georgina Johan ...

the first and | --- | --- | --- | --- | |------------------------|-------|-------|----------| | | | | | | | | | | | INDITEX | | | | | Interim Half Year 2023 | | | | | 13 September 2023 | | | | | | | | NEW YORK | | | | | | Disclaimer Neither this document nor the information contained herein constitute an offer to sell, exchange or buy, or the solicitation of an offer to buy, to sell or exchange, or any recommendation or advice regarding any securities issued by the Inditex Group. This document may contain s ...

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Industria de Diseno Textil S.A. (OTCPK:IDEXY) Q1 2023 Earnings Conference Call June 7, 2023 3:00 AM ET Company Participants Marcos López - Capital Markets Director Oscar Garcia Maceiras - CEO & Executive Director Ignacio Fernández - CFO Conference Call Participants Geoff Lowery - Redburn Anne Critchlow - Societe Generale Georgina Johanan - JPMorgan Nick Coulter - Citi Richard Chamberlain - RBC Marcos López Good morning to everybody. A warm welcome to all of those attending the presentation of Inditex's Resu ...

Industria de Diseno Textil S.A. (OTCPK:IDEXY) Q4 2022 Results Conference Call March 15, 2023 4:00 AM ET Company Participants Marcos López - Capital Markets Director Oscar Garcia Maceiras - CEO & Executive Director Ignacio Izuzquiza Fernández - CFO James O’Shaughnessy - Senior IR Manager Conference Call Participants James Grzinic - Jefferies Richard Chamberlain - RBC Sreedhar Mahamkali - UBS Nick Coulter - Citi Warwick Okines - Exane BNP Rebecca McClellan - Santander Georgina Johanan - JPMorgan Anne Critchlo ...

Industria de Diseño Textil, S.A. (OTCPK:IDEXY) Q3 2022 Results Conference Call December 14, 2022 3:00 AM ET Company Participants James O'Shaughnessy - Senior IR Manager Marcos López - Capital Markets Director Oscar GarcÃa Maceiras - CEO Ignacio Fernández - CFO Conference Call Participants Anne Critchlow - Societe Generale Rebecca McClellan - Santander Richard Chamberlain - RBC Paul Rossington - HSBC Georgina Johanan - JP Morgan Warwick Okines - Exane BNP Paribas Nick Coulter - Barclays Marcos López [Foreign ...