Investing
H&M’s Q4 local-currency sales fall slightly more than expected
© Reuters. FILE PHOTO: The H&M clothing store is seen in Times Square in Manhattan, New York, U.S., November 15, 2019. REUTERS/Mike Segar/File Photo
STOCKHOLM (Reuters) -Swedish fashion retailer H&M (ST:) reported on Friday a slightly bigger-than-expected 4% drop in September-November sales measured in local currencies.
Analysts polled by Reuters had on average forecast a 3% fall year on year.
The decline is the biggest since the third quarter of 2022 when it was also 4%.
Net sales were unchanged at 62.6 billion crowns ($6.10 billion) against a mean forecast of 63.2 billion.
H&M, the world’s second-biggest listed fashion retailer after Inditex (BME:), is due to publish its full quarterly earnings report on Jan. 31.
Read the full article here
-
Side Hustles7 days ago
How to Develop Empowered Leaders Within Your Own Team
-
Passive Income6 days ago
Are You Running Your Business, or Is Your Business Running You?
-
Side Hustles5 days ago
How to Be Unapologetically You and Why It Matters
-
Investing6 days ago
7 Marketing Strategies to Help Your Startup Grow and Scale
-
Side Hustles6 days ago
How Your Body Language Can Help Win a Disagreement
-
Side Hustles6 days ago
OpenAI Raises Record $6.6 Billion, Adds 50 Million New Users
-
Side Hustles7 days ago
Why the Best Time to Sell Your Business Is When You Least Expect It
-
Investing4 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane