H&M's operating profit grows more than expected in third quarter
H&M's operating profit grows more than expected in third quarter
Thu, September 24, 2026 at 6:04 AM UTC
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STOCKHOLM, Sept 24 (Reuters) - Swedish fashion retailer H&M on Thursday reported a bigger rise than expected in June-August operating profit, and said it expected sales in September to be up 1% in local currencies.
Operating profit in H&M's fiscal third quarter increased to 6.04 billion crowns ($608.63 million) against a year-earlier 4.91 billion crowns and a mean forecast in an LSEG poll of analysts of 5.14 billion.
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Sales increased 1% in the period measured in local currencies. Analysts had expected sales to grow at a sluggish pace in the third quarter.
($1 = 9.9239 Swedish crowns)
(Reporting by Greta Rosen Fondahn and Helen Reid, editing by Terje Solsvik)
Source: “AOL Money”
