Zara owner Inditex’s nine-month profit soars 32.5%, sales growth slows down

MADRID (Reuters) – Zara owner Inditex (BME:) said on Wednesday its net profit jumped 32.5% jump in February-October, but the fast fashion giant’s sales growth in the nine-month period slowed down from a year ago amid tougher times for consumers.

The world’s biggest fashion retailer said its net profit rose to 4.1 billion euros ($4.42 billion) in line with analysts, most of whom are still betting on the company’s ability to sell fashion faster and drawing more aspirational shoppers.

($1 = 0.9276 euros)