zara owner inditex swings to q1 profit as sales rebound

Zara owner Inditex swings to Q1 profit as sales rebound

Sumary of Zara owner Inditex swings to Q1 profit as sales rebound:

  • For the three months ended April 30, sales soared 50 percent to 4.9 billion euros compared to last year when the company was hit hard by global store closures amid the first wave of the pandemic..
  • Compared to pre-Covid 2019 levels of the same quarter, sales were down just 11.5 percent despite 24 percent of trading hours being unavailable due to lockdowns and restrictions, with 16 percent of its stores still closed at the end of the quarter….

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