Inditex sales grew 9% in five weeks to December 9, the start of the traditional holiday shopping period.
Shares fell over 7% on Wednesday off the back of the results, which missed analyst expectations.
Analysts at Deutsche Bank called the results "disappointing" in a note to clients.
AdvertisementShares in the Madrid-listed fashion giant — which also owns Bershka and Massimo Dutti — dropped as much as 7% on Wednesday after it missed analyst estimates.
Net income rose 8.5% to €4.4 billion ($4.62 billion) in the nine-month period, falling below the €4.52 billion ($4.74 billion) forecast by analysts.
Persons:
Massimo Dutti —, James Grzinic, Zara, Louis Vuitton, Christian Dior —, Kering, Saint Laurent —
Organizations:
Deutsche Bank, Jefferies, Louis, Gucci
Locations:
Madrid, Zara