International Companies

H&M warns on sales, shares slide

By Abigail Townsend

Date: Thursday 27 Jun 2024

(Sharecast News) - Shares in Hennes & Mauritz tumbled on Thursday, despite a 50% surge in second-quarter profits, after poor weather hit sales in June.
The fashion giant said net sales increased 3% in the three months to 31 May, while operating profits jumped to Swedish krona 7.1bn (£530m) from SEK4.7bn...

Sign up for free or to read the full story

Email this article to a friend

or share it with one of these popular networks:


Article Archive

Top of Page