By Scott Kanowsky
Investing.com -- H&M Hennes&Mauritz AB B (ST:HMb) 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 quarterly results on June 29th.
Stockholm-listed shares in H&M were lower in early trading on Wednesday.