H&M quarterly sales miss expectations again

H&M quarterly sales miss expectations again

H&M quarterly sales miss expectations again

The FINANCIAL -- In the first quarter of 2018, i.e. during the period 1 December 2017 to 28 February 2018, the H&M group’s sales including VAT were unchanged in local currencies compared to the first quarter the previous year.

Converted into SEK, sales amounted to SEK 53,554 m (54,369). Sales excluding VAT amounted to SEK 46,181 m (46,985).

The total number of stores in the group amounted to 4,743 on 28 February 2018 compared to 4,393 stores at the same time the previous year, according to the H&M group.