Insight Report 3 minutes PremiumINDITEX (BME: ITX) 1Q17 Results: Revenue and Profits Beat Estimates Coresight Research June 15, 2016 Executive Summary Inditex reported fiscal 1Q17 revenue of €4.9 billion, up 11.5% year over year and above the consensus estimate of €4.8 billion. Net income (GAAP) increased by 6.3%, to €554.0 million, above the consensus of €544.6 million. EPS was €0.18, an increase of 5.9% versus 1Q16 and in line with consensus. Solid comps and an expanding geographical reach drove up revenue and profit. Tight control of operating expenses also contributed to the results. The company will continue its revenue and store expansion in 2Q17. Analysts expect Inditex revenues to be up 9.8%, to €5.5 billion, and net income (GAAP) to rise by 4.2%, to €672.0 million, in 2Q17. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Earnings Insights 4Q23, Week 1: Deckers, Clorox and Walgreens Report Strong Results; Columbia Sportswear Sees Sales DeclineData Dive: How Many Grocery-Store SKUs Are KVIs?Market Outlook: India E-Commerce—Online Adoption Expands to the HinterlandsThe AI Revolution: Unveiling Opportunities for Growth and Innovation—Insights Presented at NACDS Annual Meeting 2024