© Reuters.
By Scott Kanowsky
Investing.com — H & M Hennes & Mauritz AB B (ST:) has said it expects to post a better-than-expected increase in second quarter net sales.
The Swedish company said net sales in local currencies jumped by 12% year-on-year during the March-May period, up to SEK 54.50B. Analysts had expected sales to come in at SEK 52.8B, according to a Refinitiv forecast cited by Reuters.
H&M will report its full on June 29th.
Stockholm-listed shares in H&M were lower in early trading on Wednesday.
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