Nov 16, 2016
1 min

H&M [STO: HM-B] MONTHLY SALES UPDATE: SALES GROWTH ACCELERATES TO 10% IN OCTOBER

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Each month, H&M reports sales growth in local currencies, including VAT, as well as monthly store numbers. Last month, sales were negatively impacted by the unseasonably warm weather. This month, the company did not offer commentary on its sales development. H&M’s full-year report, covering the period December 1, 2015 to November 30, 2016, will be published on January 31, 2017.
Source: Company reports/Fung Global Retail & Technology

Note on Sales Growth vs 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.

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