H&M’s June-August sales lag expectations

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The fiscal third-quarter net sales were up 3% from a year-earlier at 57.5 billion crowns ($5.36 billion). Analysts polled by Refinitiv had on average forecast a 5% rise to 58.6 billion crowns.

Measured in local currencies, sales were down 4%.

($1 = 10.7226 Swedish crowns)