Company Earnings Update 3 minutesRegister for Free AccessINDITEX (BME: ITX) FY17 Results: Strong Sales Growth Offset by Margin Erosion Coresight Research March 15, 2018 Executive Summary Inditex reported FY17 revenues of €25,336 million, up 8.7% year over year and slightly below the consensus estimate of €25,406 million. In FY17, the company grew operating income by 7%, but its operating margin contracted by 20 basis points. Adjusted EPS was €1.08, up 6.7% year over year and in line with the consensus estimate. In FY18, Inditex expects to grow its store space by 6%, net of closures. The company expects to incur capital expenditures of €1.5 billion, driven mainly by the opening of new stores. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: US CPG Sales Tracker: Beauty Slowdown Sees E-Commerce Growth Turn NegativeConsumer Caution Grows: China Consumer TrackerChina’s 6.18 Shopping Festival 2023: Livestreaming and International Brands Attract ShoppersMarch 2023 China Retail Sales: Total Sales Growth Accelerates as Many Sectors Report Gains
