Zara owner Inditex said sales for the start of its fourth quarter rose 14% as the retailer shrugged off a warm start to autumn which has hurt other European retailers.
Sales in local currencies from November 1 to December 8 included the start to the Christmas period but do not take into account exchange rate effects.
Sales for the nine-month period ending October rose 10.5% to €12.7 billion while net profit was flat at €1.69 billion.
Discounting negative currency effects, sales rose 7%.
European retailers' sales have been hit by an unusually warm autumn, hitting demand for more profitable items such as winter coats and boots.
But Inditex's fast-fashion model of producing lots of small collections allows it to better respond to changing demand.
A Reuters poll had forecast net profit of €1.67 billion, EBITDA of €2.8 billion and sales of €12.6 billion.
The depreciation of currencies against the euro in some of Inditex's lucrative markets like Russia and Japan, where the retailer manages to charge higher prices, has been hitting results.
Founded and controlled by billionaire Amancio Ortega with an around 59% stake, Inditex's brands include Bershka, Massimo Dutti and Stradivarius.
