Zara owner Inditex defies consumer gloom with strong early summer sales - BNN Bloomberg
Original article ↗B.I.A.S. ANALYSIS
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LEFTCENTERRIGHT
Signal breakdown
Heuristic (v1/v3)
0.20 · CENTER
ML v2 (DistilBERT)
0.000 · CENTER
Ensemble
0.100 · CENTER
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Rolling outlet bias
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Article Excerpt
LONDON — Zara owner Inditex reported a strong start to summer trading on Wednesday as currency-adjusted sales grew 11.5 per cent in May, handily beating analyst expectations, even as Iran war inflation worries dent consumer confidence.
Inditex shares rose as much as 5 per cent as the healthy sales growth reassured investors the fast fashion giant can weather the global turmoil as the company adapts its supply chain to navigate disruptions caused by the conflict.
Analysts had expected sales growth of 8 per cent for May, the start of the company’s second quarter. Inditex posted sales of €8.75 …
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