Zara owner Inditex’s early summer sales Tariffs disappointed as fuel uncertainty

Helen Reid and Inti Landauro

Madrid (Reuters)

US President Donald Trump triggers incorrect tariffs, and concerns about inflation and economic slowdowns have already moisturized shopping enthusiasm in the United States and other major consumer markets.

The weaker, weaker, weaker than expected to lower Inditex’s shares on Wednesday, offers the first image of global trading voltage in the fast-fashion industry in the second quarter.

It is difficult to predict the tariff environment, but the Inditex is well placed in the weather, the head of Spain’s investor relations with the investor’s relations Gorka Garcia-Tapia.

“We have such a global being, and therefore have many experience in the recent decades to manage changes in tariff regimes,” he said.

“We have a focus on the source of intimacy. I think it really helps us in relation to the United States.”

Inditex, May-1 to 9, compared to the expectations of the analysts, the exchange of currency, which is from 6% to 9 to 9 to 9, he said.

According to LSEG, the end of April 30 was an average of 8.27 billion euros ($ 9.44 billion) in the first quarter ended 8.27 billion euros ($ 9.44 billion).

In the quarter, the net income rose to 0.8%, 1.3 billion euros. The company expects growth margin to stay stable in 2025, Garcia-Tapia.

‘Solid’ performance

Inditex did not give an explanation for a weaker sales increase. The statement said, when it was 10.5% of annual sales, the previous results called “solid” play “strongly”.

“We must step back and actually look at the average digital growth in this environment,” said Bernstein Analyst William Woods.

Inditex’s rivals also experienced a sluggish spring. The sales of H & M was growing only by 1% compared to 4% in the same period in March. December-February-February revenue increased by 2% below analytical forecasts. The second quarter will report the results on H & M June 26.

According to Bernstein analysts, rainy weather in the home market of Spain, which accounted for 15% of global sales, damaged the company’s activities.

Spain has lived one of the most common springs, recorded three times the ordinary rains for the season with Madrid.

With variability in foreign exchange markets, Intitex, compared to 1% in March, compared to 1% in March, said that currency fluctuations have a larger impact on the expected.

India tests the left of the focused brand in low-cost, gen z in the markets outside Portugal and Mexico, outside of Portugal and Mexico. He said he also planned to open new shops for the Oysho brand in the Netherlands.

($ 1 = 0.8759 euro)

(Helen Reid and Inti reported by Landauro; writing by Charlie Devereux; Regulation by Joe Bavier)