11:33 AM EDT, 09/01/2026 (MT Newswires) -- RBC Capital Markets expects Industria de Diseño Textil (ITX.MC), d/b/a Inditex, to post "strong" full-price sales in major markets when it releases its fiscal second-quarter results on Sept. 9. The research firm projects a 9% annual growth in sales at constant currency in the quarter for the Spanish fashion retailer, after an 11.5% jump in May, according to RBC's European Retailing report exploring apparel pricing published Tuesday. "In contrast to last year, sales in southern Europe got off to a strong start with less stock into sale this summer, which should contribute to sales fading in Q2 but also a strong full-price sales trend in H1. We also note a strong outperformance of large chains in Spain versus smaller chains, independents and department stores, which should favour Inditex, whose LFL sales have strong a good correlation with Spain larger chain sales over the past 3 years," analysts said. "For Q3 we forecast sales in cc +7% yoy vs an +11% comparable, which was also the comp for the first part of Q3." Looking further ahead, RBC "broadly held" its EPS estimates for fiscal years 2027 and 2028, anticipating a 9% year-over-year rise for both, under the assumption of a "slightly higher" negative foreign exchange translation effect for the current fiscal year. The outperform-rated stock's price target of 63 euros was maintained.

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