Industria de Diseno Textil (IDEXY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Inditex-owned fast-fashion retailer Zara opened what it dubbed a new-style Asia flagship store in the eastern Chinese city of Nanjing on Friday as part of its global push to cut underperforming shops and double down on larger retail formats.
Industria de Diseno Textil (IDEXY) could produce exceptional returns because of its solid growth attributes.
Zara owner Inditex's emissions from transport jumped by 10% in 2024 as the fast-fashion retailer used more flights to move clothes from production centres in Asia to its logistics hub in Spain and into stores.
Industria de Diseño Textil, S.A. (OTCPK:IDEXY) Q4 2024 Earnings Conference Call March 12, 2024 4:00 AM ET Company Participants James O'Shaughnessy - Senior IR Manager Oscar Garcia Maceiras - CEO Ignacio Fernández - CFO Gorka García-Tapia - Director, IR Conference Call Participants Richard Chamberlain - RBC Geoff Lowery - Redburn Georgina Johanan - JPMorgan Sreedhar Mahamkali - UBS William Woods - Bernstein Warwick Okines - BNP James Grzinic - Jefferies James O'Shaughnessy Good morning to everybody.
The world's largest listed fashion retailer Inditex is well positioned to face the uncertainty about tariffs around the world as it sources its products in a wide range of different countries, Chief Executive Oscar Garcia Maceiras said on Wednesday.
Shares in Inditex, the Spanish retail giant and owner of Zara and Massimo Dutti chains, fell 7.6% on Wednesday morning after it reported stronger than expected earnings for the final quarter of 2024 but revealed softer trading in the early weeks of 2025. Sales grew 7.5% last year to reach €38.6 billion, with €11.21 billion in the fourth quarter, while EBITDA increased 8.9% to €10.7 billion, beating expectations by around 3%.
Zara owner Inditex on Wednesday posted a year-on-year rise in fourth-quarter sales that met expectations. The company, which also owns Pull & Bear, Bershka and Massimo Dutti, nevertheless pointed to a slight slowdown in first-quarter sales this year.
Zara owner Inditex on Wednesday reported sales for its fourth quarter ending January 31 in line with analysts' expectations, sealing another year of strong growth for the world's biggest listed fast-fashion retailer.
Inditex: Zara's Moat, How Taking Design Risks Leads To Superior Margins
There weren't too many headline positives from Inditex's last quarter. A look beneath the hood suggests there remains ample compounding potential. Plenty of room for future capital returns.
Industria de Diseño Textil, S.A. (OTCPK:IDEXY) Q3 2024 Results Conference Call December 11, 2024 3:00 AM ET Company Participants Marcos López - Capital Markets Director Oscar Garcia Maceiras - CEO Ignacio Fernández - CFO James O'Shaughnessy - Senior IR Manager Conference Call Participants Georgina Johanan - JPMorgan Richard Chamberlain - RBC Warwick Okines - BNP Exane Monique Pollard - Citi James Grzinic - Jefferies Marcos López Good morning to everybody.