Swedish fashion retailer Hennes & Mauritz (HM-B.SK) said Thursday that sales increased 4% in local currencies in May, with sales converted into Swedish kronor increasing by 8%.
In May last, local currency sales had increased by 9%.
In the company's second quarter, spanning March 1 to May 31, sales excluding value-added tax and translated into Swedish kronor rose to SEK51.38 billion ($5.91 billion), from SEK46.87 billion last year.
Including VAT, sales in the second quarter rose 10% to SEK59.54 billion from SEK54.34 billion. In local currencies, sales in the second quarter including VAT, rose 5%.
H&M had 4,498 stores worldwide on May 31, up from 4,077 on the same date last year.
Full earnings figures for the second quarter will be published on June 29.
-Write to Dominic Chopping at firstname.lastname@example.org; Twitter: @domchopping @WSJNordics
(END) Dow Jones Newswires
June 15, 2017 02:43 ET (06:43 GMT)