- Inditex reported 1Q EBIT of €1.64 billion, beating the estimate of €1.61 billion.
- EBIT margin was 20.1%, higher than the estimated 19.4%.
- Net sales were €8.15 billion, slightly missing the estimate of €8.16 billion.
- Gross profit stood at €4.94 billion, below the estimate of €4.98 billion.
- Gross margin was 60.6%, compared to the expected 60.8%.
- EBITDA came in at €2.37 billion, just above the estimate of €2.36 billion.
- EBITDA margin was 29.1%, versus an estimated 29.2%.
- Net income matched the estimate at €1.29 billion.
- Total stores numbered 5,698, slightly below the estimated 5,704.
- Sales at constant exchange rates rose 12% between May 1 and June 3.
- Inditex proposes a €1.54/share dividend against 2023.
- The company expects a stable gross margin in 2024.
- A negative 2% currency impact on sales is anticipated for 2024.
- Analysts’ ratings include 17 buys, 10 holds, and 4 sells.
A look at Industria De Diseno Textil SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Industria De Diseno Textil SA, a company that designs, manufactures, and distributes apparel, has a promising long-term outlook based on its Smartkarma Smart Scores. With a high growth score of 5, the company is likely to see significant expansion opportunities in the future. Additionally, Industria De Diseno Textil SA has scored a strong 5 for resilience, indicating its ability to withstand market challenges and economic downturns.
Furthermore, the company has a momentum score of 4, suggesting a positive trend in its stock performance. Although the value score is moderate at 2, indicating some room for improvement in terms of valuation, Industria De Diseno Textil SA has received a solid dividend score of 3. Overall, the company’s strong growth, resilience, and momentum scores bode well for its future success in the global apparel market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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