Each month, H&M reports sales growth in local currencies, including VAT, as well as monthly store numbers. The company typically offers no commentary.
In March, sales growth lagged store growth by 473 bps, a contraction from the 766-bps difference in February.
H&M will publish sales figures for the month of April on May 8.
Source: Company reports/Fung Global Retail & Technology
Note on Sales Growth Versus Store Growth
Changes in the difference between sales growth and store growth suggest changes in the underlying sales growth rates, however, the measure should not be taken as indicative of comparable sales growth in absolute terms. The figures are calculated from rounded sales growth data and unrounded store growth data.