From Yahoo Finance: 2025-06-11 01:42:00

Zara owner Inditex missed first-quarter sales expectations due to tariff fallout, sending shares down 4.6%. Global trade tensions impact fast-fashion industry ahead of second-quarter earnings season. Company remains confident in managing tariff changes with diversified sales and sourcing. Summer sales growth slower than expected, revenue at 8.27 billion euros. Net income up 0.8% in the quarter. Competitors like H&M also experiencing sluggish sales. Rainy weather in Spain affects 15% of global sales. Currency fluctuations expected to have a bigger impact on sales. Inditex testing new expansion strategies for its brands.



Read more at Yahoo Finance: Zara owner Inditex’s early summer sales disappoint as tariffs fuel uncertainty