Hennes & Mauritz Posts Forecast-Beating 10% Rise in First Quarter Sales
15 März 2019 - 8:41AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish fashion retailer Hennes & Mauritz AB
(HM-B.SK) said Friday that sales in its fiscal first quarter grew
10% on the year, beating expectations.
Sales in the quarter ended Feb. 28, excluding value-added tax,
rose to 51.02 billion Swedish kronor ($5.48 billion). Analysts
polled by FactSet had expected SEK49.98 billion.
The retailer said sales in local currencies increased by 4%
year-on-year.
The company's complete first-quarter report will be published on
Mar. 29, 2019, it said.
Write to Dominic Chopping at dominic.chopping@wsj.com;
@domchopping @WSJNordics
(END) Dow Jones Newswires
March 15, 2019 03:26 ET (07:26 GMT)
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