DOW JONES NEWSWIRES
Swedish clothing retailer Hennes & Mauritz AB (HM-B.SK)
Monday said sales at stores open for at least a year rose 4% on the
year in August.
MAIN FACTS:
-Analysts polled by Dow Jones Newswires had forecast a
like-for-like sales increase of 3.8%.
-Total sales, including value-added tax in local currencies,
rose 14% in August compared with the same month a year earlier.
-Analysts polled by Dow Jones Newswires had forecast a total
sales increase of 13.9%.
-Sales in the fiscal third quarter excluding VAT rose 11% to
SEK32.04 billion.
-H&M had 2,964 stores on August 31, compared with 2,629
stores at the same time last year.
-Full earnings for the third quarter will be published on
September 26.
-Shares ended Friday at SEK249.30.
-Write to Jens Hansegard at jens.hansegard@dowjones.com
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