H&M first-quarter local-currency sales up 4 percent in line with expectations

Written by on March 15, 2019

Logo of H&M is seen in a display window of a store in Zurich
The logo of H&M is seen in a display window of a store in Zurich, Switzerland January 7, 2019. Picture taken January 7, 2019. REUTERS/Arnd Wiegmann

March 15, 2019

STOCKHOLM (Reuters) – Sweden’s H&M, the world’s second-biggest fashion retailer, reported on Friday local-currency sales growth for its fiscal first quarter that matched expectations.

Local-currency sales including VAT in the December-February period rose 4 percent from a year earlier, in line with the mean forecast in a Reuters poll of analysts.

(Reporting by Anna Ringstrom, editing by Johannes Hellstrom)

Source: OANN

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