Spanish retail giant Inditex reported a first quarter net profit of 421 million euros (US$512.74 million) on Wednesday, beating analysts' expectations but still a third below pre-pandemic levels in the same February-April period, Reuters reports.
Revenue for the February-April quarter reached 4.9 billion euros, 48 percent more than in the first quarter of 2020, but still well short of 2019's 5.93 billion euros.
Online sales were up by 67 percent from last year as lockdowns kept stores across the world closed or operating under capacity for much of the quarter due to pandemic-related restrictions.
