Inditex Sales Growth Forecasts Dampened by Rain in Spain

Sep 10, 2024 · Reuters. FILE PHOTO: A woman carries a bag from Spanish multinational retail clothing chain Zara, the flagship brand of the Inditex clothing company, in the Gran Via of …

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Inditex Sales Growth Forecasts Dampened By Rain In Spain

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Sep 10, 2024 · In Spain, which accounts for 14.8% of Inditex's sales, June rainfall was 49% above average, the state weather agency said. "It (Inditex) has a greater capacity to react to this …

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Rains In Spain Dampen Inditex's Sales Growth Forecasts

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Sep 10, 2024 · In Spain, which accounts for 14.8% of Inditex's sales, June's rainfall was 49% above average, according to the State Meteorological Agency. "Experience tells us that even if …

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Inditex Sales Growth Forecasts Dampened By Rain In Spain

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Sep 10, 2024 · "In the end, the market should have a good feeling regarding Inditex's growth potential," Cifuentes said. ($1 = 0.8999 euros) Inditex sales growth forecasts dampened by …

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Inditex Sales Growth Forecasts Dampened By Rain In Spain

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Sep 10, 2024 · In Spain, which accounts for 14.8% of Inditex’s sales, June rainfall was 49% above average, the state weather agency said. “It (Inditex) has a greater capacity to react to …

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Inditex Sales Growth Forecasts Impacted By Rain In Spain

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Sep 10, 2024 · The recent rainfall in Spain has dampened the sales growth forecasts for Inditex. According to the state weather agency, June saw rainfall levels 49% higher than the average. …

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Inditex Sales Growth Forecasts Dampened By Rain In Spain - Head …

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Sep 10, 2024 · Sales in the first quarter ending in April rose by 7%. In Spain, which accounts for 14.8% of Inditex's sales, June rainfall was 49% above average, the state weather agency said. …

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FAQs about Inditex Sales Growth Forecasts Dampened by Rain in Spain Coupon?

Will a wet & cold June hit Zara's second quarter sales growth?

MADRID (Reuters) - Expectations of bumper second quarter sales growth at Zara owner Inditex have been dashed by a wet and cold June in its biggest market of Spain, analysts and investors said ahead of earnings due on Wednesday. ...

Can Inditex react to seasonality?

"It (Inditex) has a greater capacity to react to this seasonality," said Xavier Brun, portfolio manager at Madrid-based Trea Asset Management which holds shares in the group. Market conditions recovered in July, analysts at HSBC and RBC said in preview notes. Analysts said Inditex's pricing strategy will be key. ...

Will Inditex continue outperforming?

Sales in the first quarter ending in April rose by 7%. "Inditex should continue outperforming but I assume a slowdown within the quarter due to adverse weather conditions," said Bestinver Securities analyst Patricia Cifuentes, who expects quarterly sales to rise by 9%. ...

Did Inditex's sales rise 7% in May-July?

Inditex's sales for the whole May-July quarter, however, are expected to have risen by 7%, an analyst poll by LSEG showed. Sales in the first quarter ending in April rose by 7%. ...

Will Inditex's pricing strategy be key?

Analysts said Inditex's pricing strategy will be key. Zara increased prices more slowly than in the past in the second quarter and less than H&M in the U.S., its second biggest market, according to retail analytics firm EDITED. Zara's womenswear prices fell 6% year-on-year in the second quarter even as H&M raised its by 1% on average, EDITED said. ...

What will Inditex's first-half profit look like in 2023?

Despite June's headwinds, analysts expect Inditex to post a first-half profit of 2.8 billion euros ($3.1 billion) on Wednesday, up 10% from the same period in 2023. Zara is expected to report another double-digit sales rebound in the first five weeks of its third quarter beginning in August, analysts at HSBC, RBC and Bestinver said. ...