H&M sales development in August and third quarter 2016
The H&M group’s sales including VAT increased by 7 % in local currencies in August 2016 compared to the same month the previous year. Sales development in August had a very good start. But sales were negatively affected in the second half of the month by exceptionally hot weather in most of the group’s markets
Third quarter 2016
In the third quarter of 2016, i.e. during the period 1 June to 31 August, sales including VAT increased by 8 % in local currencies compared to the corresponding quarter last year. Sales including VAT in the third quarter converted into SEK increased by 6 % and amounted to SEK 56802 million (SEK53420 million). Sales excluding VAT amounted to SEK 48982 million (SEK 46024 million), an increase of 6 %.
The total number of stores amounted to 4135 August 31, 2016 compared to 3675 on August 31, 2015.