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H&M sales rise 4 percent in May

Fashion retailer H&M has reported a 4 percent year-on-year rise in local currency sales for the month of May, lagging market expectations.

By Stephanie Otty | Published: 15th June 2017 Business

May is the final month of the group's fiscal second quarter and H&M said net quarterly sales reached 51.4 billion Swedish crowns (4.6 billion pounds) for the period, up from a year-ago 46.9 billion.

The mean forecast in a poll of analysts saw monthly sales rising 6 percent to put quarterly net sales at 51.9 billion Swedish crowns.