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Shares in fashion retailer H&M jump after Q1 profit surprise

Summary by Ground News
Hennes & Mauritz AB (H&M), the world's second-biggest fashion retailer, yesterday reported a surprise operating profit for the period from December last year to February. The company said consolidating the earnings of its Sellpy second-hand platform had boosted earnings by about 1 billion kronor. H&M's overall sales for the spring season had been delayed in many markets by cold weather.

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  • 63% of the sources are Center
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Reuters broke the news in United Kingdom on Thursday, March 30, 2023.
Sources are mostly out of (0)