H&M Comparable Sales Rise 2% In July

H&M Hennes & Mauritz AB (OTC: HNNMY) reported an 11% rise in its total sales in July.

H&M's sales in comparable units climbed 2% in July. However, analysts were expecting total sales to surge 13.6% and same-store sales to increase 4.1%.

H&M shares gained 0.40% to $7.45 in after-hours trading.