Inditex Shares Climb as Zara Owner’s Sales Show Resilience (1)

Inditex SA shares jumped after a positive start to the third quarter reassured investors on the fashion retailer’s growth prospects.

Revenue jumped 9% at constant exchange rates in the five weeks to Sept. 8, the Zara owner said Wednesday, faster than analysts’ estimates. That’s after sales in the six months through July lagged expectations.

The shares rose as much as 7.7% in Madrid, the most since April. The stock is still down 8% since the start of the year.

The trading update offers some relief after a disappointing period, where doubts emerged over whether the Spanish retailer could regain ...