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

Executive Summary

  • H&M reported total sales rose by 10% year over year in local currencies in October 2016. This compares to growth in September, which was only 1%.
  • The total number of stores grew by 12.1% year over year, to 4,269, as of October 31.
  • Sales growth lagged store growth by 214 basis points in October, a narrowing from the 1,162bps difference in September.

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