ITX sales growth beats expectations as margins soften, Bernstein says
Bernstein analysts say Inditex’s owner of Zara booked better-than-expected sales growth for the first half, with gross margin in line with estimates and softer margins plus a good exit rate.
Inditex posted solid sales growth, with softer margins but a good exit rate, Bernstein analysts said. The Zara owner and other fashion brands delivered better-than-expected sales growth for the first half, while gross margin was in line with estimates, the analysts wrote in a report.