December 17, 2018 / 7:09 AM / a month ago

H&M Q4 local-currency sales up roughly in line with expectations

STOCKHOLM, Dec 17 (Reuters) - Sweden’s H&M, the world’s second-biggest fashion retailer, reported on Monday local-currency sales growth for its fiscal fourth quarter that roughly matched market expectations.

Local-currency sales including VAT in the September-November period rose 6 percent from a year earlier, against a mean Reuters poll forecast for a 6.5 percent increase.

Reporting by Anna Ringstrom, editing by Johannes Hellstrom

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