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Company Earning Updates

Inditex (BME: ITX) 1H19 Results: Revenue Up, Promoting Sustainability

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Coresight Research

Key Points

  • Inditex reported 1H19 revenues of €12.8 billion, even with the consensus estimate of €12.8 billion and up 6.6% from the year-ago period. The company reported earnings per share (EPS) of €0.50, up 8.7% from the year-ago period of €0.46, but lower than the consensus estimate of $0.51.
  • Comparable store sales increased 5.0% in the quarter, on top of a 4% increase in the year-ago period.
  • Management reiterated its comparable sales growth projection of 4-6% for FY19.

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