Inditex first-half profit rises 6.8% as shares fall on margin miss

Sep 9, 2026 05:38 (6h ago)

Inditex increased first-half net income 6.8% to €3 billion on revenue growth of 7.6% to €19.8 billion.
Second-quarter sales reached €11 billion, while the quarterly gross margin was 56.7%, slightly below expectations, and shares fell 3%.
Constant-currency sales rose 9% from Aug. 1 to Sept. 7 despite extreme heat, while planned 2026 capital expenditure increased to about €2.5 billion.

Inditex reported a 6.8% increase in first-half net income to €3 billion, as revenue rose 7.6% to €19.8 billion and 9.2% at constant currency. Second-quarter sales reached €11 billion from May through July, but the 56.7% quarterly gross margin was slightly below expectations, sending shares down 3%. Early autumn store and online sales rose 9% in constant currency from Aug. 1 to Sept. 7 despite record heat in Western Europe. Middle East disruptions increased transport and input costs and affected regional sales, although conditions improved from the first quarter. Inditex added €200 million to planned capital expenditure, bringing the 2026 total to about €2.5 billion.