H&M December Comparable Sales Drop 2%
Hennes & Mauritz AB (OTC: HNNMY) reported a 2% drop in its sales at stores open for at least a year in December.
Analysts were expecting same-store sales to decline 2.6%. Its total sales climbed 8% y/y in December. However, analysts were expecting a 5.9% rise in total sales.
Hennes & Mauritz shares gained 0.59% to close at $6.79 yesterday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.