Inditex surges after November sales beat

H and M Hennes and Mauritz AB

03/12/2025 08:16

** Shares Of Zara-owner Inditex ITX.MC rise 7%, highest since February, after its currency-adjusted sales over the start of its fourth quarter grew 10.6%, beating analysts' expectations for the November period that includes Black Friday sales

** Inditex reported sales of 9.8 billion euros  ($11.41 billion) for its Q3 ended October 31, higher than the 9.69 billion euros expected by analysts according to an LSEG estimate

** Jefferies says Inditex had a very healthy start to its fourth quarter with ex-fx gains of about 11% between 1-Nov and 1-Dec vs consensus of 7.8% for Q4 as a whole

** The broker also notes the company's "impressive" third quarter ended in October results, with group sales and EBIT ahead of consensus

** For Sabadell broker, Inditex's indications for sales growth in Q4, from Nov 1 to Dec 1, are very positive with strong acceleration to +10.6%, including Black Friday, from +9% in the Nov 1 to Nov 24 period

** Shares top of STOXX 600 index .STOXX, and on track for best day since November 2020

** Peer H&M HMb.ST rise 1.8%

($1 = 0.8590 euros)

 (Reporting by Joao Manuel Mauricio)

 ((JoaoManuel.VicenteMauricio@thomsonreuters.com))