H & M's Sales rose 12 percent in the 3rd quarter
Thursday, 26 September 2013
H & M 's sales in the quarter rose 12 percent in the 3rd quarter,
measured in local currencies compared to the same month last year.
Same-store sales increased 2 percent.
Gross margin for the third quarter to 58.8 percent, compared with 58.2 percent in the corresponding period in 2012.
The total number of stores in the Group August 31 was 2,964 compared with 2,629 a year earlier.
Read more from the press release
In relegated report, Hennes & Mauritz gained on the market after
reporting third-quarter profit that beat analysts’ estimates.
H&M rallied after reporting a 22 percent rise in third quarter profit to Skr4.43billion, beating analysts’ expectations.
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