September 17, 2018 / 6:15 AM / 2 months ago

H&M Q3 sales beat expectations

STOCKHOLM, Sept 17 (Reuters) - Sweden’s H&M, the world’s second-biggest fashion retailer, reported on Monday higher local-currency sales growth than expected for its fiscal third quarter.

Local-currency sales including VAT in the June-August period rose 4 percent from a year earlier, against a mean Reuters poll forecast for a 1.9 percent increase.

Reported sales excluding VAT were up 9 percent to 55.8 billion Swedish crowns, beating a forecast 5.5 percent rise to 54.0 billion crowns. (Reporting by Helena Soderpalm; Editing by Simon Johnson)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below