H&M (STO: HM-B) Quarterly Sales Update: Continued Soft Sales Growth

Executive Summary

• H&M reported total sales rose by 4% year over year in local currencies in 3Q17, for the period June 1 to August 31, 2017.
• The total number of stores grew by 10.1% year over year to 4,553, as of August 31, 2017.
• Sales growth lagged store growth by 611 basis points in 3Q17.