Analysts expect Inditex to report strong sales, margin expansion

Industria de Diseno Textil SA

10/03/2026 14:23

** Analysts have a bullish stance on Zara-owner Inditex ITX.MC, expecting strong sales and margin expansion

** Inditex remains one of J.P. Morgan's top sector picks, with the brokerage modelling a strong 10% February/early March sales growth

** Bestinver expects "superior execution" to drive margin expansion despite currency headwinds, while AlphaValue points to buying gains and strong full-price sales

** The former expects a 35 bps Q4 gross margin expansion, while the latter forecasts a 30 bps rise in 2026 gross margin

** For early Q1, AlphaValue forecasts 7% constant-currency sales growth, seeing an undemanding comparable base, and expects no cash return beyond its usual payout ratio

** Telsey views Inditex as a "leading operator" but highlights risks from increased competition and macro pressure on consumers

** In the context of geopolitical events, JPM views the recent shares weakness as "undeserved" compared to its peer Next NXT.L

** On Tuesday, Inditex shares trade about 9% below their closing price on Feb 27; they are down almost 10% YTD - LSEG data

** Inditex is scheduled to report FY results on Wednesday

(Reporting by Marta Serafinko in Gdansk)

((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))