Zara-owner Industria de Diseno Textil SA said Wednesday that sales momentum has continued at the beginning of its fiscal year, and that it will pay a higher dividend for its fiscal 2022.
The Spanish fashion group, known as Inditex ES:ITX, posted sales of 9.51 billion euros ($10.21 billion) for the fiscal year’s final three months to Jan. 31 compared with EUR8.39 billion in the same period the previous year. This fell just short of analysts’ expectations of EUR9.65 billion, according to a FactSet-compiled poll of forecasts.
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