Inditex (BME: ITX) FY18 Results: Revenues Up, Missed Consensus, Integrating Online and Stores Globally
- Inditex reported FY18 revenues of €15 billion, lower than the consensus estimate of €26.41 billion and up 3.2% from the year-ago period. The company reported net income of €3.44, up 2.1% from the year ago period.
- Comparable store sales increased 4.0% in FY18, positive across all regions and brands as well as online and in-store.
- Management projects comparable sales growth of 4-6% in FY2019.