Zara Owner Poised for Record Close as Earnings Optimism Grows
- Inditex shares have gained 50% this year, outperforming sector
- Morgan Stanley sees gross margin as results ‘bright spot’
A shopper carries a Zara bag in A Coruna, Spain.
Photographer: Brais Lorenzo/BloombergThis article is for subscribers only.
Inditex SA shares rose to the highest since the retailer’s 2001 initial public offering as analysts turn increasingly optimistic ahead of third-quarter results.
The Zara owner closed up 1.5% at €36.88 in Madrid trading on Tuesday, extending its year-to-date gain to about 50%.