floortok

Retail Earnings

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← Global fashion groups

Inditex (Zara)

Global fashion groups · ITX.MC

The Japan read

From the company's own filing for H1 FY2026 (Feb–Jul 2026) · reported 2026-09-09 · the filing

Other callouts in the filing

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

Show figures in

floortok holds 2 reported periods for this company.

Quarter-alone and year-to-date rows are floortok's arithmetic on the company's own filings — the quarter alone under a cumulative filing, the year to date under a quarter — shown only where the filings they need are on file. A period tagged Year-to-Date runs from the start of the company's fiscal year.

H1 FY2026 (Feb–Jul 2026) · Year-to-Date

Reported 2026-09-09
Net sales€19.8bn+7.6%
EBIT€3.8bn+7.6%
Net income€3.0bn+6.8%
Q2 alone (May–Jul 2026)
Net sales€11.0bn—
EBIT€2.1bn—
Net income€1.6bn—

Inditex's fiscal first half (Feb–Jul 2026) sales rose 9.2% at constant exchange rates, but a firmer euro pared the reported gain to 7.6%, to €19.76bn. EBIT climbed 7.6% to €3.84bn (19.5% margin, gross margin 58.7%) and net profit rose 6.8% to €2.98bn. It is on this page because Zara competes for the same Japanese floors as Uniqlo and the same customer as every apparel group above it — but Inditex still gives no Japan or Asia figure to test that against, only a combined "Asia and Rest of World" line that slipped to 15.0% of group sales from 16.0%. The group operated 5,444 stores at period-end, three fewer than at Q1.

Q1 FY2026 (Feb–Apr 2026) · Year-to-Date

Reported 2026-06-03
Net sales€8.8bn+5.8%
EBIT€1.8bn+7.0%
Net income€1.4bn+5.4%

Inditex publishes no geographic breakdown in its quarterly release — no Japan figure, and no Asia figure either. It is on this page because Zara competes for the same Japanese floors as Uniqlo and the same customer as every apparel group above it. February–April sales rose 5.8% to €8.75bn (+8.8% in constant currency), EBIT 7.0% to €1.76bn and net profit 5.4% to €1.38bn, at a gross margin of 61.2%. It operated 5,456 stores at the end of the quarter and expects a roughly 1% currency drag on 2026 sales.

  • Not disclosedInditex publishes no geographic breakdown in its quarterly release — no Japan figure, and no Asia figure either.
  • BasisSales grew 8.8% at constant currency against 5.8% reported, and the company expects a roughly 1% currency drag on 2026 sales.