Inditex reported its net profit for Q1 grew on Wednesday. Compared with the same period last year, revenues grew by 5 percent.
For Q1, the company's net profit was 734 million euros, surged from 668 million euros last year. Revenues climbed to 5,927 million euros.
Inditex (BME: ITX) is one of the world's largest fashion retailers. Inditex designs, manufactures and distributes apparel for its own brands of which Zara is the best known. Other Inditex brand and retail names are Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe. Founded in 1975 by Amancio Ortega, the Spain-based company has 7000 stores throughout the world.
As of 2019, Inditex has more than 174,400 employees and operates over 7,000 stores.