Company Earnings Update 3 minutesRegister for Free AccessInditex (BME: ITX) FY16 Results: Continued Comp Strength Offset by Margin Erosion Coresight Research March 16, 2017 Executive Summary Inditex reported FY16 revenues of €23.3 billion, an increase of 11.5% over FY15 and broadly in line with analysts’ estimates. Comparable store sales in FY16 increased a strong 10% year over year. EBIT increased by 9.4% year over year to €4.1 billion, and FY16 EBIT margin contracted by 40 basis points year over year to 17.2%. For the trading period of February 1 to March 12, 2017, Inditex’s store and online sales increased by 13% year over year at constant currencies. 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: Showfields and Neighborhood Goods Store Closures Reveal Challenges to the Physical Concession ModelWeinswig’s Weekly: Here’s How US Consumers Will Spend Labor DayConsumers Continue To Notice and Adapt to Inflation: US Consumer Tracker 2023, Week 31Groceryshop 2023 Day One: Startup Pitch Winners, Generative AI, Unified Shopping and More
