March 15, 2019 / 7:10 AM / 7 days ago

H&M Q1 local-currency sales up 4 pct in line with expectations

STOCKHOLM, March 15 (Reuters) - Sweden’s H&M, the world’s second-biggest fashion retailer, reported on Friday local-currency sales growth for its fiscal first quarter that matched expectations.

Local-currency sales including VAT in the December-February period rose 4 percent from a year earlier, in line with the mean forecast in a Reuters poll of analysts. (Reporting by Anna Ringstrom, editing by Johannes Hellstrom)

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