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

Executive Summary

• H&M reported that total sales rose by 7% year over year in local currencies in April 2017. This compares to growth of 6% in March.
• The total number of stores grew by 10.9% year over year to 4,474, as of April 30.
• Sales growth lagged store growth by 388 basis points in April, contracting from the 473-bps difference in March.