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H&M Sales Beat Estimates on Weather, Calendar Effects

Hennes & Mauritz AB reported November sales that beat estimates after a fashion line designed by Isabel Marant boosted revenue at Europe’s second-biggest clothing retailer.

Sales at stores and operations open at least a year rose 10 percent from a year earlier, the Stockholm-based company said today, topping the 4 percent gain anticipated in a survey of analysts by SME Direkt. The growth was the strongest in 20 months, sending the stock up the most since September.