H&M Misses January Sales Estimates

H&M (HNNMY)  shares are in focus on Wednesday after reporting a sales miss for January.

The Swedish fast-fashion retailer said sales for last month rose 8%, but were still slightly lower than a preliminary figure of 11% released late January. The company is targeting annual local-currency sales growth of 10% to 15% and still expects to be within that range for the year.

H&M's first quarter earnings will be released on March 30.

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