Friday, May 09, 2008; Posted: 02:17 AM
For the 16 weeks to April 26 the group's total sales increased 11.9 percent and were up 10.1 percent on a like-for-like basis.
Like-for-like sales increased 13.8 percent at HMV UK & Ireland and were up 2.2 percent in the International division. Waterstone's like-for-like sales were up 6.6 percent.
The group said gross margins were "well managed and in line with previous guidance."
It added that market expectations for year to April 26 2008 pretax profit are in the range of 46 million pounds to 58 million pounds.
Shares in HMV closed Thursday at 149-1/4 pence, valuing the business at 602 million pounds.
james.davey@thomsonreuters.com jdd
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