H&M has reported a ‘slow’ third quarter as sales slip and it warns on profit guidance
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By Chloe Mills26 September 2024
Swedish fashion giant H&M has reported a “slow” third quarter as sales dipped and the retailer lowered its operating margin expectations.
H&M posted a 3% dip in net sales from SEK 60.9bn (£4.38bn) last year to SEK 59bn (£4.35bn) for the three months from June 1, 2024, to August 31, 2024.
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Swedish fashion giant H&M has reported a “slow” third quarter as sales dipped and the retailer lowered its operating margin expectations.
https://www.retail-week.com/fashion/handm-has-reported-a-slow-third-quarter-as-sales-slip-and-it-warns-on-profit-guidance/7047150.article