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Inditex impresses with first half results

  • Inditex (OTCPK:IDEXY) reports comparable sales growth of 4% during the first half of the year and forecasts a 4% to 6% comp for the second half of the year.
  • While the Zara parent's pace of comparable sales fell back from prior levels, the company is still topping peers this year. The ship-from-stores initiative at Inditex may be accounting for the market share grab.
  • Inditex churned up totals sales growth of 3% to €12B during 1H and net profit growth of 3% to €1.4B
  • Inditex press release
  • Shares of Inditex are up 3.3% in Madrid trading.
  • Related stocks: OTCPK:HNNMY, OTCPK:HMRZF, OTCPK:FRCOY, OTCPK:LVMHF, OTCPK:HESAF, OTCPK:PPRUF, OTCPK:LVMUY, OTCPK:CFRHF.

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Industria de Diseño Textil, S.A.