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 February, sales growth lagged store growth by 766 bps, an expansion from the 266-bps difference in January.
H&M will publish sales development for the month of March on April 18. It will publish its 1Q17 three-month report on March 30.
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.