Zara owner Inditex has beaten analyst expectations after it enjoyed a strong start to its fourth quarter.
The fast fashion giant said its autumn/winter collections had been “well received” by customers, helping to deliver a 10.6% increase in store and online sales in the month to December 1.
It comes as revenues for the group, which also owns Bershka and Stradivarius, rose 4.9% to €9.8bn (£8.6bn) in the third quarter and EBITDA grew 8.9% to €3.2bn (£2.8bn).
During the nine months, sales rose 2.7% to €28.1bn (£24.6bn) and pre-tax profits edged up 3.6% to €5.9bn (£5.2bn).
Inditex said in a statement: “The business model we enjoy, characterised by flexibility, responsiveness and within season proximity sourcing, permits us to react to fashion trends reinforcing our unique market position.
“By continually investing in stores, the global online channel and our centralised logistics platforms, with an accompanying focus on sustainability, we will continue to generate long-term growth.
“Inditex operates in 214 markets with low market share in what is a fragmented sector. Optimisation of stores is ongoing, and we expect this to drive further gains in store productivity.
“The growth of annual gross space in the period 2025-2026 is expected to be around 5%, with positive net space accompanied by strong online sales.”
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