Hennes & Mauritz: Cold Weather Hit Apr Sales, Comp Sales +1%
15 Mai 2013 - 8:41AM
Dow Jones News
Swedish fashion retailer Hennes & Mauritz AB (HM-B.SK)
Wednesday said sales at stores open for at least a year rose 1% on
the year in April, ending a six-month stretch of comparative sales
decline.
MAIN FACTS:
-Analysts polled by Dow Jones Newswires had forecast a
like-for-like sales increase of 6.7%.
-H&M says unseasonably cold weather in Europe hit April
sales.
-H&M has seen comparable sales in negative territory for the
past six months.
-Total sales, including value-added tax in local currencies,
rose 11% in April compared with the same month a year earlier.
-Analysts polled by Dow Jones Newswires had forecast a total
sales increase of 15.4%.
-H&M had 2881 stores on Apr. 30, compared with 2549 stores
at the same time last year.
-Shares ended Friday at SEK228.90.
-Write to Jens Hansegard at jens.hansegard@dowjones.com
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