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H&M to Miss Margin Target as Higher Costs Hurt Earnings
H&M won’t hit a key profitability target this year but said sales momentum picked up through July and August before accelerating further in September.
H&M abandons 2024 margin target as costs hurt profit
H&M scrapped its margin target for 2024 as higher discounting, costs and fierce competition hurt operating profit in the third quarter, denting shares in the world's second-biggest listed fashion retailer.
H&M shares tumble 7% on profit miss and scrapped margin target
Shares of H&M tumbled 7% on Thursday after the world's second-largest listed fashion retailer posted a miss on operating profit.
H&M warns on profit target amid higher costs and intense competition
H&M has struggled for more than a decade with weak profitability after being outpaced by Spain’s Inditex, the world’s largest fashion retailer and owner of the Zara brand. In recent years the Swedish company has come under intense pressure from lower-cost rivals such as Shein and Temu.
H&M ditches profit target on higher costs and intense competition
H&M has struggled for more than a decade with weak profitability after being outpaced by Spain’s Inditex, the world’s largest fashion retailer and owner of the Zara brand. In recent years the Swedish company has come under intense pressure from lower-cost rivals such as Shein and Temu.
H&M Shares Tumble After Missing Profit Forecast, Dropping 2024 Margin Target. CEO Daniel Ervér Faces Pressure in First Year as Chief Exec
Shares of Swedish clothing retailer H&M plunged nearly 8% Thursday after the company reported a miss on operating profit for its fiscal third quarter and dropped its 2024 earnings margin target. CEO Daniel Ervér,
1d
H&M bets on lower prices, trendy clothing to boost holiday sales
Swedish fashion retailer H&M is banking on lower prices and a wider range of trendy clothing compared to basics to drive ...
3h
H&M registers 3% decline in net sales for Q3 FY24
Swedish fashion retailer H&M has reported a 3% drop in net sales in the third quarter (Q3) of fiscal 2024 (FY24) to ...
Bloomberg L.P.
1d
H&M Says It Will Miss Profit Target After Cold June Weather
Hennes & Mauritz AB shares dropped after the Swedish clothing retailer said it’s unlikely to hit a key profit target this ...
2d
H&M Sales and Earnings Seen Broadly Flat After Weak Start to Quarter -- Earnings Preview
Shares have risen 16% over the last 12 months to around 183 kronor.
InStyle
4d
The Woman Curating H&M’s Vast Multiverse
Ann-Sofie Johansson, the H&M's Creative Advisor and former Head of Design, is elevating the retailer with its Studio ...
1d
H&M Stock Down On Weak Q3 Results; Sept. Sales To Rise, To Buy Back SEK 1 Bln Shares
Shares of Hennes & Mauritz AB or H&M Group (HNNMY.PK, HMRZF.PK, HEN.L) were losing around 6 percent in the early morning trading in ...
13h
H&M’s sales drop after cold weather affected key markets
H&M Group has booked lower sales in the fiscal third quarter amid cold weather in many key European markets. The fashion ...
1d
H&M blames missed profit targets on a gloomy summer and growing competition from rival Shein
H&M has been recruiting celebrities popular with Gen Z such as Charli XCX and Lila Moss in a bid to target a demographic it’s ...
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