Inditex rise after upbeat sales ease demand concerns

H and M Hennes and Mauritz AB

03/06/2026 08:22

Updates with share move at open, peer share move an milestones
** Shares of Zara owner Inditex ITX.MC rise 5%, at the open after stronger-than-expected currency-adjusted sales growth at the start of the second quarter, helped by calendar effects
** Store and online sales grew 11.5% between May 1 and June 1 of 2026, beating analyst expectations for 8% growth
** J.P. Morgan says the update is "reassuring", with Q1 and current trading better than expected, and strong gross margin
** The broker expects the shares to gain, particularly given market concerns about European consumer sentiment and a drag from the Middle East seen in recent luxury sector reporting
** Jefferies says the results confirm the apparel company's ability to step up market share gains despite increasingly challenging demand in Europe, flagged by peers
** Shares of peer H&M HMb.ST rise 1.5%
** Shares among top performers on STOXX 600 index .STOXX which falls 0.2%
** Including today's rise the stock has dropped by 1.67% YTD.​

 (Reportig by Joao Manuel Mauricio)
 ((JoaoManuel.VicenteMauricio@thomsonreuters.com))