The news: Zara parent Inditex reported an uptick in sales so far in Q3 after rainy weather in Europe dampened its Q2 performance.
- Constant-currency sales rose 11% year over year (YoY) in the five weeks ended September 8, up from 7.2% YoY in the first half of 2024.
- Despite difficult operating conditions in Q2, Inditex’s operating profits rose 12% YoY in H1 2024 to €3.6 billion ($3.9 billion), beating expectations for €3.5 billion ($3.8 billion).