H&M H1 profits beat expectations despite sales dip
The group has said that sales from 1-25 March increased by 2% in local currencies compared to the same period last year.ย
H&M has revealed that its operating profit increased to SEK2.077bn (ยฃ155m), up from SEK725m (ยฃ54m) despite net sales decreasing to SEK53.6bn (ยฃ376m) during the first quarter of the year ended on 29 February 2024.