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

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)