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Asharq Al-Awsat
Asharq Al-Awsat
Lifestyle
Asharq Al-Awsat

Fashion Retailer H&M’s Sept-Nov Sales Beat Forecast

A man leaves H&M shop in Riga, Latvia January 30, 2020. REUTERS/Ints Kalnins/File Photo

H&M, the world's second-biggest fashion retailer, reported on Thursday a 10% increase year-on-year in September-November net sales, slightly exceeding market expectations of a 9.5% rise.

Net sales for September-November, H&M's fiscal fourth quarter, stood at 62.5 billion Swedish crowns ($6.13 billion), up from 56.8 billion crowns a year ago, while analysts polled by Refinitiv

had on average forecast 62.17 billion crowns.

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