Hennes & Mauritz October Same-Store Sales Rise 1%

Hennes & Mauritz AB HNNMY reported a 1% rise in its same-store sales in October. Analysts were expecting same-store sales to increase 3% in the month. Its total sales surged 11% y/y in October, versus analysts' expectations for a 12.4% gain. Hennes & Mauritz shares closed at $8.07 yesterday.