Three quarters in a row of sales growth for H&M

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H&M, whose main rival is market leader Inditex, says net sales excluding VAT were up 10% versus expectations of an 8% rise

Stockholm — Sweden’s H&M, the world’s second-biggest fashion retailer, posted local-currency sales growth for its fiscal first quarter that matched analysts’ forecasts, on Friday, while net sales were slightly higher than expected.

The company, which is due to publish its full first-quarter earnings report on March 29, did not comment on the figures.

Source: News Formal (newsformal.com)

 

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