BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Inditex (IDEXF.PK) said its nine-month period gross profit was 11.4 billion euros, up 40% from a year ago. Gross margin was 59%, up 101bps. Based on current information, Inditex expects a gross margin of around 57.5% for fiscal 2021.
For the nine month period, net income increased 273% to 2.5 billion euros. Earnings per share was 0.803 euros compared to 0.215 euros. Net sales were 19.3 billion euros, 37% higher than previous year. Sales in constant currency grew 39%, for the period.
During third quarter, sales growth in constant currency continued accelerating to reach 21% from a year ago.
For the period between 1 November and 10 December 2021, store and online sales in constant currency increased 33% from prior year.
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