Industria de Diseno Textil (IDEXY) could produce exceptional returns because of its solid growth attributes.
Industria de Diseno Textil (IDEXY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Investors looking for stocks in the Retail - Apparel and Shoes sector might want to consider either Industria de Diseno Textil SA (IDEXY) or Deckers (DECK). But which of these two stocks is more attractive to value investors?
Does Industria de Diseno Textil SA (IDEXY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Here is how Industria de Diseno Textil SA (IDEXY) and Burlington Stores (BURL) have performed compared to their sector so far this year.
Industria de Diseno Textil (IDEXY) possesses solid growth attributes, which could help it handily outperform the market.
Industria de Diseño Textil, S.A. (OTCPK:IDEXY) Q2 2024 Results Conference Call September 11, 2024 3:00 AM ET Company Participants Marcos López - Capital Markets Director Óscar García Maceiras - CEO Ignacio Fernández - CFO James O'Shaughnessy - Senior IR Manager Conference Call Participants Georgina Johanan - JPMorgan Monique Pollard - Citi James Grzinic - Jefferies Sreedhar Mahamkali - UBS Richard Chamberlain - RBC Fernando Abril - Alantra Warwick Okines - Exane BNP William Woods - Bernstein Marcos López Good morning to everybody.
Zara owner Inditex reported strong sales growth in its latest six months with key brands all seeing goods demand for spring and summer collections. Revenues at the Spanish retailer rose by 7.2% to €18.1 billion in the half year to end July 2024, with that and better gross margins feeding through into a 7.5% rise in gross profit to €7.5 billion.
Expectations of bumper second quarter sales growth at Zara owner Inditex have been dashed by a wet and cold June in its biggest market of Spain, analysts and investors said ahead of earnings due on Wednesday.
The Inditex business model continues to work. Amid near-term retail uncertainties, Inditex's qualities should shine through. On an ex-cash basis, the valuation isn't all that demanding.
Zara owner Inditex should have boosted sales over the second quarter after signalling spring and summer collections had been received well previously, analysts say. UBS analysts noted results next Wednesday, 11 September should show local currency sales up 10% over the quarter.
Industria de Diseno Textil (IDEXY) could produce exceptional returns because of its solid growth attributes.