By Sabela Ojea

Sweden's H&M Hennes & Mauritz AB said Wednesday that its strong recovery continued during the fourth quarter of fiscal 2021, with sales increasing in local currencies back to the same level as in the fourth quarter of 2019.

The fashion retailer said sales for the quarter ended Nov. 30 increased by 8% to 56.81 billion kronor ($6.21 billion), while net sales in local currencies rose by 11%.

Sales for the period are expected to be SEK57.00 billion, taken from FactSet and based on consensus from 13 analysts.

The company also said that it had temporarily closed around 15 additional stores at the end of the quarter when compared with the beginning of the period.

Most of the temporarily closed stores, which have increased to 115, are in Austria and Slovakia, it noted.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

12-15-21 0259ET