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H&M's fourth-quarter sales growth takes hit from later Black Friday

Net sales rose 9 per cent to 61.7 billion crowns ($6.41 billion) for the September-November quarter

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H&M | H&M profit

Reuters  |  Stockholm 

H&M reported a slightly smaller-than-expected rise in fourth-quarter sales reflecting a later Black Friday this year, the world's second-biggest fashion retailer said on Monday. Net sales rose 9 per cent to 61.7 billion crowns ($6.41 billion) for the September-November quarter, short of the 10 per cent rise to 62.0 billion crowns expected by analysts, according to Refinitiv SmartEstimates. In local currencies, sales growth was 5 per cent, a slowdown from the previous quarter. "Sales development for the quarter compared with the previous year was affected by calendar ...

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First Published: Mon, December 16 2019. 14:44 IST
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