Inditex earns €3,095M (+24%) during the first three quarters of 2022 and resumes the growth of its online sales
Inditex has just presented its results equivalent to those first three quarters of this 2022. The net profit from the textile group has increased by 24% with respect to the same period of 2021, this being €3,095 million.
For their part, the sales of the company reached 23,055 million euros, resulting positive in all geographical areas, both in physical stores and online. This supposes a 19% growth compared to the previous year, a more moderate figure than that obtained during the first quarter of 2022, when sales increased by 36%.
Likewise, who was also seen increased by 19% it was the company’s gross margingoing from 11,409 million euros in the first nine months of 2021, to 13,532 million in this period of 2022. Currently, the gross margin represents 58.7% of sales.
Oscar Garcia MaceirasCEO of Inditex, highlighted how “in a very demanding environment, these results clearly show the strength of our unique model: collections with a high fashion component, an attractive shopping experience and a highly committed human team to achieve profitable and more sustainable growth«.
By 2024, Inditex’s online sales will exceed 30% of its total sales
Regarding the figures corresponding to the sale through the online channelfrom Inditex they have been reserved and have only commented that “it continues to progress satisfactorily and is above the record reached in the first nine months of 2021«.
It should be remembered that the company’s online sales fell by 6% during the first quarter of the year, but it seems that little by little they have been recovering. Regarding future prospects, they maintain what they predicted in their first quarter results report, by 2024 online sales will exceed 30% of its total sales.
For which we do not have specific data regarding online sales, it is from the period in which one of the most famous commercial seasons of the year is framed, the black friday. Inditex has revealed the percentage increase relative to total sales, but not differentiating between physical and online. “The sales in store and online at constant exchange rate between November 1 and December 8, 2022 they grew by 12% compared to the same period of 2021«.
Inditex’s future plans
In Inditex they consider that to consolidate the future growth of the company they must focus on the investment in physical stores, optimizing the customer experience in them. It must also rely on development of online sales channels, using innovation as a motor. And, of course, in the improvement of logistics platformswithout losing sight of technological progress and sustainability.
Taking all this into account, the textile group has estimated that its ordinary investment in stores, online and logistics this 2022 will be located in the €1.1 billion.
Following this speech sustainability that the brand has been building in recent times, in November it launched Zara pre-owned in the UK. This initiative is based on three concepts: repair, resale and donation. It is a platform for extend the useful life of clothes purchased at Zara, being able to repair it (through collaboration with workshops in charge of making the repairs), sell it as second-hand clothes or even donate it to charities. In the case of the sale as second hand clothes, the seller has to identify his garment within the brand’s catalogue, upload photos and a description of its condition, as well as set its price. In the case of being sold, Zara will be in charge of picking up the garment at the seller’s address.
Image: Depositphotos
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