Inditex EBIT Grew 11% While Expenses Rose Just 6.5%

The Spanish fast-fashion retailer posted €7.6 billion in EBIT for fiscal 2024 (ended January 31, 2025), up 11%, while operating expenses increased only 6.5%. This widening gap reveals operating leverage: fixed costs across global supply chains and technology spreading across higher revenue, allowing profit to grow faster than sales. Most competitors struggled with inflation and inventory pressure during the same period.