Sweden’s H&M Q3 net profit rises 28% as margins improve

Sweden’s H&M reported a 23 per cent rise in Q3 operating profit and 28 per cent growth in profit after tax.
Local-currency sales increased 1 per cent.
Margins benefited from purchasing improvements, cost controls and one-off tariff effects.
Logistics disruption increased goods in transit, while digital upgrades and in-season buying remained priorities.
September sales were expected to rise 1 per cent.Read More