Feb 16, 2017
1 min

H&M (STO: HM-B) Monthly Sales Update: Sequential Sales Improvement in January

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Company Earning Updates

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Each month, H&M reports sales growth in local currencies, including VAT, as well as monthly store numbers. The company offered no commentary. Sales growth lagged store growth by 266 bps in January, a contraction from a 466-bps difference in December. H&M will publish February sales and its 1Q17 trading report for the period of December 1, 2016 to February 28, 2017 on March 15, 2017.
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.

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