H&M April Sales Rise 21%, Above Expectations

Hennes & Mauritz said its April sales, in local currencies including VAT, increased 21% from the same month a year earlier.

The increase was above the 17.7% expected by analysts, according to a survey by SME Direkt.

Sales in comparable stores rose 8% year-on-year, the group added. H&M's total number of stores amounted to 1,407 on April 30, up from 1,239 on the same date a year earlier.