Hennes & Mauritz September Comparable Sales Drop 2%

Hennes & Mauritz (OTC: HNNMY) reported a 2% drop in its comparable sales in September.

H&M's total sales in September climbed 7%. However, analysts were estimating comparable sales to decline 2.3% and total sales to increase 7.6% in the month.

H&M shares closed at $8.39 yesterday.