Tag: Zara

Zara Owner Inditex Beats Q1 Profit Forecast Following Sales Boom

Clothing company Inditex, which owns retailer Zara, posted better-than-expected first-quarter earnings on Wednesday following a recent fashion sales boom. Net profit for the first quarter was 1.2 billion euros ($1.24 billion), a 54% rise from the previous year. Beating analysts' expectations of a 980 million...