Inditex Q1 profit climbs 5.4%: Zara owner’s summer start beats estimates
Inditex reported first-quarter net profit of EUR 1.37 billion, up 5.4%, as sales rose 5.8% to EUR 8.75 billion and beat analyst forecasts. The Zara owner said store and online sales jumped 11.5% in the first month of the second quarter, sending shares higher.