The Spanish clothing group Inditex presented its results for the first quarter of 2026/27 on Wednesday morning. The three-month period from February 1 to April 30 was the best first quarter in its history for the company, which owns chains such as Zara, Bershka and Massimo Dutti.
According to information submitted by the group’s management to the Comisión Nacional del Mercado de Valores (CNMV), Inditex closed the first quarter with total sales of 8.75 billion euros. This corresponds to an increase of 5.8 percent compared to the same period last year. Adjusted for exchange rate changes, revenue grew by 8.8 percent. Inditex thus set a new record for the first three months of a financial year.
Inditex also made progress in terms of results. Net profit rose by 5.4 percent to 1.31 billion euros. This is also a new historical high for Inditex in a first quarter.
Growth is picking up speed again
Detailed information on how the company’s individual chains contributed to these overall sales and profits will not be revealed until September 9th, when the half-year results are released. However, the figures now published already show a significant improvement in Inditex’s business development in terms of sales and profits compared to previously published financial data.
The most recent sales increase of 5.8 percent was significantly higher than the rate of increase in the same period last year, which was only 1.5 percent. It is also above the growth of 4.9 percent in the third quarter, the highest in the entire last financial year, which the group closed with a total increase in sales of 3.2 percent.
In terms of profitability, the growth rate of 5.4 percent also significantly exceeds the 0.5 percent in the first quarter of 2025/26. In the final quarter of last year, however, Inditex achieved a profit increase of 12.8 percent. In the entire last financial year, net profit grew by 5.8 percent to 6.2 billion euros.
The group confirms its annual forecasts
Inditex remained on a growth path in the first weeks of the second quarter. In the period from May 1st to June 1st, revenue increased by 11.5 percent after adjusting for currency effects. For the entire 2026/27 financial year, management continues to expect a gross margin that will be stable compared to the previous year (+/- 50 basis points). In addition, a currency effect of minus one percent on sales is expected.