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Inditex has reported a 5.8% increase in sales to €8.7bn (£7.51bn) for the first quarter of 2026, driven by the steady performance of its spring and summer collections.
The Spanish fashion retailer stated that constant currency sales grew 8.8% during the three months to 30 April 2026.EBITDA for the retail group increased 7.3% to €2.6bn (£2.24bn), and EBIT increased 7.0% to €1.8bn (£1.55bn).
Additionally, PBT increased 5.5% to €1.8bn (£1.55bn) with a PBT margin of 20.1%. Its gross profit also rose 6.9% to €5.4bn (£4.66bn), lifting the gross margin to 61.2%.
Net income also increased 5.4% to €1.4bn (£1.21bn), while operating expenses grew 6.4% due to ongoing retail optimisation activities across 44 international markets.
It said trading accelerated further at the start of the second quarter. Combined store and online sales in constant currency increased 11.5% between 1 May and 1 June 2026 compared with the same period last year, supported by positive calendar effects.
The company, which operated 5,456 stores at the end of the quarter, plans to invest approximately €2.3bn (£2.0bn) during 2026.
The capital expenditure will target the technological integration of its store network, logistics upgrades, and expanded online platforms.
The group also confirmed that Rodrigo Echenique Gordillo will leave the board when his tenure expires on 12 July 2026.
The board intends to propose the appointment of José Ignacio Goirigolzarri Tellaeche as an independent director to fill the vacancy.
Looking ahead, the group also expects annual gross commercial space to grow by approximately 5% throughout the remainder of 2026.
