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Company Earnings Update

Inditex (BME: ITX) 1Q19 Results: Mixed Results, Expands into New Markets Online and In-Store

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Coresight Research

Key Points

  • Industria de Diseño Textil, S.A. (Inditex) reported 1Q19 revenues of €5.93 billion, lower than the consensus estimate of €09 billion and up 4.8% from the year-ago period. The company reported earnings per share (EPS) of €0.24, up 10.3% from the year-ago period of €0.21, and even with the consensus estimate.
  • Comparable store sales increased 5.0% in the quarter, beating the consensus estimate of 4.0%.
  • Management projects comparable sales growth of 4%-6% in FY2019.

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