Gelonghui, June 7, 丨 Zara's parent company Inditex (IDEXY.US) rose 6.48% to 18.25 US dollars, with a total market value of 113.6 billion US dollars. The company announced results for the first quarter of 2023. As of April 30, quarterly sales increased 13% year on year to 7.6 billion euros, offline and online sales were strong; net profit increased 54% year on year to 1.2 billion euros, exceeding analysts' average expectations of 980 million euros; gross profit increased 14% to 4.6 billion euros, gross margin increased 34 percentage points to 60.5%; EBITDA increased 14% year over year to 2.2 billion euros. The spring and summer clothing line is favored by consumers, and online and offline sales increased 16% year-on-year in May. The company expects the offline sales area to increase by 3% in 2023, and plans to expand investment throughout the year to raise the level of competitive differentiation. The average capital expenditure is expected to reach 1.6 billion euros.