March 16, 2018 2 minutes

H&M (STO: HM-B) 1Q18 Sales Update: Very Weak Performance Despite Solid Growth in Store Numbers

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

H&M reported that total 1Q18 sales growth was flat in constant-currency terms.
In reporting currency, sales excluding VAT declined by 1.7%. Including VAT, sales declined by 1.5% in the quarter.
The total number of stores grew by 8.0% year over year, to 4,743, as of February 28, 2018.

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