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Zara Owner Inditex’s Quarterly Profit Jumps 80% on Post-COVID Wardrobe Renewals

Zara Owner Inditex’s Quarterly Profit Jumps 80% on Post-COVID Wardrobe Renewals

Wednesday, 8 June, 2022 - 06:15
Zara's logo is displayed on a window, at one of the company's largest stores in the world, in Madrid, Spain, April 7, 2022. (Reuters)

Fashion giant Zara's owner Inditex reported on Wednesday its net profit in the February-April period jumped 80% to 760 million euros ($812.06 million), in line with analysts' expectations as sales surpassed pre-pandemic levels.


Sales at the world's largest fast fashion retailer reached 6.7 billion euros, 36% more than a year ago.


In the period in 2019, before the coronavirus pandemic struck, Inditex reported a profit of 734 million euros and sales of 5.93 billion euros.


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