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 โฌ9.1bn (ยฃ7.8bn)
Zara owner Inditex has welcomed a โvery robustโ FY23 performance, as profit-before-tax surged 28.2% to โฌ6.9bn (ยฃ5.9bn) while sales rose by 10.4% to โฌ35.9bn (ยฃ30.7bn).Gross profits rose by 11.9% to โฌ20.8bn (ยฃ17.8bn), and EBITDA increased 13.9% to โฌ9.9bn (ยฃ8.5bn) as the group reported strong results both in stores and online.ย
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