Zara owner Inditex has announced another record quarterly profit.
High online and in-store sales have given a boost to the world's largest fashion retailer.
The Spanish group, whose other brands include Massimo Dutti, Pull & Bear and Bershka, reported third-quarter after-tax profit of 1.68 billion euros, up 6% from the same period last year.
Although it beat the record for a single quarter, it was lower than the net profit of 1.77 billion euros forecast by analysts surveyed by financial data firm FactSet.
For the first nine months of 2024, Inditex's net profit came in at 4.45 billion euros, compared with 4.1 billion euros in the year-ago period.
Sales rose 7 percent to 27.4 billion euros for the nine months ended Oct. 31.
"Inditex continued to deliver a very solid operating performance thanks to the creativity of the teams and the strong execution of the fully integrated business model with stores and online," the statement said.
The company also reported a strong start to the fourth quarter, with in-store and online sales between Nov. 1 and Dec. 9 up 9 percent from the year-ago period. | BGNES, AFP
