Clothing & Shoes

Zara owner profits surge by 28% in FY23

Over the year, store sales rose by 7.9%, reflecting incremental footfall and increasing store productivity, while online sales rose by 16% to €9.1bn (£7.8bn)

Zara owner Inditex has welcomed a “very robust” FY23 performance, as profit-before-tax surged 28.2% to €6.9bn (£5.9bn) while sales rose by 10.4% to €35.9bn (£30.7bn).Gross profits rose by 11.9% to €20.8bn (£17.8bn), and EBITDA increased 13.9% to €9.9bn (£8.5bn) as the group reported strong results both in stores and online. 

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