Inditex Archive

Inditex First-Half Earnings Beat Estimates on Online Expansion

ARTEIXO, Spain – Inditex SA, the world’s biggest clothing retailer, reported first-half profit that beat analysts’ estimates as the company prioritised online expansion over store openings. Operating profit increased 8 percent to €1.61 billion ($1.8 billion) in the six months through July, Inditex said in a regulatory filing Wednesday. Analysts expected €1.58 billion. Revenue rose 13 percent in the first weeks of the third quarter, excluding …