Spanish fashion group Inditex’s first quarter (Q1) 2026 sales grew by 5.8% year-on-year to €8.75bn ($10.15bn), as demand for its spring/summer ranges supported a broadly positive trading period.
Net profit climbed 5.4% to €1.37bn while net operating profit advanced 7% to €1.75bn.
Profit before tax (PBT) rose 5.5% to €1.76bn, translating to a PBT margin of 20.1%.
Gross profit increased 6.9% to €5.35bn, with the gross margin at 61.2%, an increase of 67 basis points on the same period last year.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) expanded 7.3% to €2.56bn, with operating expenses rising 6.4% over the period.
The Spanish fashion group ended the quarter with 5,456 stores, having completed retail optimisation work, covering refurbishments, relocations, openings and absorptions, across 44 markets.
The company said its spring/summer collections “continue to be very well received by our customers”.
Looking to the rest of the year, Inditex is targeting gross space growth of around 5% in 2026, underpinned by net space additions and online sales.
Ordinary capital expenditure is projected at approximately €2.3bn, directed at commercial space improvements, technology integration and online platform upgrades.
The board will propose a FY25 dividend of €1.75 per share at the forthcoming Annual General Meeting, comprising an ordinary dividend of €1.20 per share and a bonus dividend of €0.55 per share, to be paid in two equal instalments of €0.875 per share.
On board composition, director Rodrigo Echenique Gordillo is set to step down when his tenure expires on 12 July 2026.
The board will propose the appointment of José Ignacio Goirigolzarri Tellaeche as an independent director.
In its statement, the company said: “The flexibility and responsiveness of our business in conjunction with in-season proximity sourcing allows a rapid reaction to fashion trends and reinforces our unique market position.
“Artificial intelligence is increasingly embedded across the group’s operations, supporting our teams and enhancing the customer experience. Sustainability is central to our strategy.”
