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H&M Sales Rise for Fifth Straight Quarter

Figures imply that revenue slowed down in April and May
Analysts estimate inventory kept increasing in second quarter

Shoppers In Soho As Retail Sales Figures Are Released — Photographer: Gabby Jones/Bloomberg

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By Anna Molin and Thomas Mulier

June 17, 2019 at 6:11 AM UTC

Updated on

June 17, 2019 at 7:53 AM UTC

This article is for subscribers only.

Hennes & Mauritz AB revenue growth showed a slowdown in April and May, stymieing the Swedish clothing retailer’s attempts to reduce a buildup of inventory that’s been weighing on earnings.

Sales in the latest quarter were above analysts’ estimates as compiled by Bloomberg News. But the figures suggest growth slowed to 5.5% in April and May from a 7% rate in March, wrote Fredrik Ivarsson, an analyst at Kepler Cheuvreux.