By Joshua Kirby

Industria de Diseno Textil SA said Wednesday that sales growth accelerated further in the third quarter and into the fourth, as stores reopened and online revenue continued to burgeon.

The Spanish fashion group, known as Inditex, booked net sales of 19.3 billion euros ($21.73 billion) in the nine months to end-October, implying a figure of EUR7.36 billion for the third quarter. Analysts had expected quarterly sales of EUR7.31 billion, according to an average of 13 estimates compiled by FactSet.

At constant currency, third-quarter sales rose 21% on year and by 10% versus the same period of fiscal 2019. For the current quarter to Dec. 10, the same pace of two-year revenue growth has been maintained, Inditex said.

The result represents an acceleration from the 7% two-year sales increase Inditex booked in the second quarter, when the group returned to growth versus the pre-pandemic period.

For the nine-month period, Inditex made a net profit of EUR2.5 billion and earnings before interest, taxes, depreciation and amortization of EUR5.4 billion. Online sales increased 28% on year, and the company now expects a more than 25% penetration of total sales for the full year, it said.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

12-15-21 0212ET