Inditex has published its FY21 figures which miss consensus expectations. The re-imposed COVID-related restrictions in some markets during the year-end season have significantly affected the group’s top-line momentum and profitability in Q4 21.
The group saw an encouraging start to the year with sales from 1 February to 13 March increased 33% yoy, which enhanced the group’s confidence to deliver a stable gross margin (56.6%-57.6%) for FY22 despite the uncertain trading environment.
16 Mar 2022
Omicron weighed on year-end trading
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Omicron weighed on year-end trading
- Published:
16 Mar 2022 -
Author:
Jie Zhang -
Pages:
4
Inditex has published its FY21 figures which miss consensus expectations. The re-imposed COVID-related restrictions in some markets during the year-end season have significantly affected the group’s top-line momentum and profitability in Q4 21.
The group saw an encouraging start to the year with sales from 1 February to 13 March increased 33% yoy, which enhanced the group’s confidence to deliver a stable gross margin (56.6%-57.6%) for FY22 despite the uncertain trading environment.