PARIS — Hennes & Mauritz AB blamed unseasonably mild weather in North America and much of Europe for a sharp slowdown in sales in November.
Total sales in local currencies rose 4 percent last month versus a 12 percent gain in October and an 11 percent increase in September.
H&M provided only a percentage figure, and no longer breaks out same-store sales data. Total sales include value-added taxes, or VAT.
The tepid results stood in contrast to H&M’s Spanish rival Inditex SA, owner of the Zara chain, which last week reported sales grew 15 percent in local currencies from Nov. 1 to Dec. 3, despite warm weather across much of Europe.
On Tuesday, H&M noted its store count came to 3,924 on Nov. 30 versus 3,511 on the same date in 2014. Last month, the company opened 117 new stores.
For its financial year ended Nov. 30, the Swedish fast-fashion giant posted an 11 percent gain in sales in local currencies and including VAT. Converted into Swedish kronor, sales including VAT gained 19 percent.
Sales in the fourth quarter ended Nov. 30 rose 9 percent.
H&M is scheduled to release its full results for the financial year, including profits, on Jan. 28, 2016.