Friday 30 September 2016

H&M sales up 9 pct in May, slightly less than expected

Published 15/06/2016 | 09:01

PARIS, FRANCE - MARCH 02: Marie-Ange Casta attends the H&M show as part of the Paris Fashion Week Womenswear Fall/Winter 2016/2017 on March 2, 2016 in Paris, France. (Photo by Pascal Le Segretain/Getty Images)
PARIS, FRANCE - MARCH 02: Marie-Ange Casta attends the H&M show as part of the Paris Fashion Week Womenswear Fall/Winter 2016/2017 on March 2, 2016 in Paris, France. (Photo by Pascal Le Segretain/Getty Images)

Swedish budget fashion retailer Hennes & Mauritz said on Wednesday sales rose 9 percent in May in local currencies from a year earlier, slightly below a mean forecast in a Reuters poll of analysts for a 10 percent rise.

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Net sales in March through May, H&M's fiscal second quarter, totalled 46.9 billion crowns ($5.6 billion), up from a year-ago 45.9 billion, below a forecast 47.7 billion.

H&M is due to publish its full second-quarter earnings report on June 22.

Reuters

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