May 9, 2017
1 min

H&M (STO: HM-B) Monthly Sales Update: Slight Sales Improvement in April

Insight Report
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 typically offers no commentary. In April, sales growth lagged store growth by 388 bps, a contraction from the 473-bps difference in March. H&M will publish sales developments for the month of May and 2Q17 results on June 15.
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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