H&M sales up 9 pct in May, slightly less than expected
Published 15/06/2016 | 09:01
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.
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.