Published 1 month ago

H&M's Q1 operating profit rises more than expected

Summary by Ground News

Sales fell by 2%, better than analysts expected, while sales at the start of its second quarter rose by 2% in a sign of stronger demand for its clothing and accessories. H&M has said it aims to reach a 10% operating profit margin over the course of this year.

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RTÉ

H&M's Q1 operating profit rises more than expected

H&M, the world's second-largest listed fashion retailer, has today beaten first-quarter operating profit expectations - helped by a smaller-than-expected fall in sales.

1 month ago·Ireland

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WTVB

Fashion retailer H&M’s Q1 operating profit rises more than expected

STOCKHOLM (Reuters) -H&M, the world’s second-biggest listed fashion retailer, reported on Wednesday a larger-than-expected operating profit for the December-February period. Operating profit in the Swedish group’s fiscal first quarter was 2.08 billion crowns ($196.3 million), up from 725 million a year earlier, against a mean forecast of 1.43 billion in an LSEG poll of analysts. H&M has said it aims to reach a 10% operating profit over the cours…

1 month ago

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