Inditex sales rise, analysts flag elevated transport costs
Inditex reported a 9% on-year sales increase from Aug. 1 through Sept. 7, but analysts at Deutsche Bank said elevated transport costs are weighing on profitability.
Inditex reported robust sales trends, but analysts at Deutsche Bank said in a note that cost pressures appear evident. The Spanish fashion group posted a 9% on-year sales increase from Aug. 1 through Sept. 7.
It also said elevated transport costs are weighing on profitability. The pretax profit m…