Previous close | 24.64 |
Open | 24.61 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 24.35 - 24.61 |
52-week range | 15.51 - 24.81 |
Volume | |
Avg. volume | 123,181 |
Market cap | 152.378B |
Beta (5Y monthly) | 1.08 |
PE ratio (TTM) | 26.01 |
EPS (TTM) | 0.94 |
Earnings date | N/A |
Forward dividend & yield | 0.65 (2.65%) |
Ex-dividend date | 31 Oct 2023 |
1y target est | N/A |
Workers at Zara owner Inditex' stores plan to protest in eight major Spanish cities on Friday to demand better benefits after the fashion giant reported record profits and raised shareholder payouts, unions said on Monday. Inditex shares hit a record high after it reported positive early spring sales and a record annual profit last week, and said it would boost its dividend payout by 28%. "We are happy with Inditex's results, but having seen them, they can't make excuses to the workers and need to discuss more benefits," said Alvaro Cajigal, leader of the UGT union.
Inditex warned that costs may rise from rerouting ships due to Houthi rebels' attacks as it makes a killing in its retail business.
Zara-owner Inditex more than doubled its pre-tax profits in China last year even as the fashion retailer scaled back its physical presence, closing a fifth of its stores in the country in a sign its focus on online sales is bearing fruit. Inditex has been shrinking its store footprint globally over the past few years, seeking to optimise its selling space by focusing on flagship outlets in prime locations and ramping up online sales. Of 123 net store closures globally last year, 50 were in China, Inditex's annual report showed on Thursday.