Inditex, the parent company of Zara, Bershka and more, has had a slow start to the year, with lower than expected growth. Nevertheless, the fashion giant remains strong: margins and profitability remain stable.
Consumers are cautious
Inditex performed below analysts’ expectations in the first quarter of 2025, with a 1.5% increase in turnover to 8.27 billion euros. However, turnover growth excluding exchange rate effects was 4.2%, and even 5.3% when adjusted for the leap day. The Spanish fashion group cited cooler temperatures and more cautious consumer behaviour as reasons for this. In the same period last year, turnover rose by 7%.
