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H&M Feb. LFL Sales Miss Ests., 1Q Rev. In Line, Exane Says 2014-03-17 07:53:53.512 GMT
By Heather Burke March 17 (Bloomberg) -- H&M implied Feb. LFL sales 1% vs 3% consensus ests., Exane says (underperform). * 1Q total sales in line due to monthly weighting of sales, FX * Doesn’t see changes to FY14 consensus pretax ests. * 1Q sales growth strong, helped by weak y/y comparatives, may continue rest of 1H, at expense of margins
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To contact the reporter on this story: Heather Burke in London at +44-20-7673-2044 or hburke2@bloomberg.net To contact the editors responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net Brian Lysaght