Zara owner Inditex underlined its credentials with a steady second quarter numbers and strong trading currently, said analysts at Barclays.
Second quarter numbers were slightly ahead of consensus, said the bank, with resilient top-line growth, increased profitability and lower inventory.
“Importantly, all guidance for this year is confirmed and current trading shows back to 'normal' after softer growth in June/ July.”
A sales breakdown suggests a weaker demand in Asia being more than offset by Europe.
Overall, this is again a set of solid numbers, Barclays added, noting that sales in the period since the end of July were up 11%.
Shares in the Madrid-listed retailer rose by 4.6% to €48.38.