Hennes & Mauritz August Comparable Sales Increase 4%

Hennes & Mauritz AB

reported a 4% rise in its sales at stores open for at least a year in August. Analysts were expecting comparable sales to rise 3.8%. Its total sales surged 14% in August, versus analysts' expectations for a 13.9% gain. In the fiscal third quarter, Hennes & Mauritz's sales, excluding VAT, climbed 11% to SEK32.04 billion. Hennes & Mauritz is expected to post its Q3 earnings on September 26, 2013. Hennes & Mauritz shares closed at $7.59 on Friday.