Business figures: KWS earns less operationally - share slips before the market opens
Tui expects slight decline in profit and slows down supply +++ Leica with first drop in sales in years +++ Zara parent company Inditex increases sales by 9 percent +++ The Newsblog.
Inditex, the parent company behind Zara, reported lower operating profits in its latest business figures. Despite the heatwave in Europe, the fashion giant launched its autumn collection strongly. August revenue increased by nine percent, outpacing H&M. The autumn/winter collection received positive feedback from customers, who had already spent eleven billion euros from May to July.
High energy prices and a stagnant consumer mood did not significantly impact this achievement. The company's net profit rose by eight point three percent to eleven point six billion euros, with a gross margin of fifty-eight point seven percent. Inditex's CEO, Oscar Garcia Maceiras, praised his teams' exceptional abilities in a "very complex global environment."
The company is on the rise: its stock reached a record high of 59.10 euros last month. Documents from Shein's recent Hong Kong IPO indicate slowing revenue, suggesting competition pressure on European fast-fashion giants like Zara and H&M is easing. Anthropic aims to become the largest customer for specialized processors (XPU) by 2027 and maintain that position in 2028.
Broadcom plans to deliver Google's next generation of TPU chips in large volumes in the fourth quarter, serving Meta and OpenAI as well. Despite strong growth, the group expects a drop in gross margin to around seventy-three percent in the fourth quarter, down from seventy-eight percent in the previous year. This is due to a changed product mix that puts pressure on gross margins, according to the company's CEO.
The operational margin is expected to remain stable. Broadcom plans to invest one point four billion dollars in expanding semiconductor production capacity in the final quarter. For the 2026 fiscal year, the company anticipates revenue growth of 34 to 37 percent, up from the previous projection of 29 to 33 percent. The diluted earnings per share are expected to rise to 3.75 to 3.85 dollars.
For 2027, HPE is targeting a revenue increase of 13 to 17 percent and a profit growth of 16 to 20 percent.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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