H&M: Q3 net sales up 3%
(CercleFinance.com) - H&M's net sales came in at 57,450 million Swedish kronor in Q3 2022 (1 June to 31 August), up 3% compared to Q3 last year (55,585 million Swedish kronor).
In local currencies, net sales slipped 4%.
The clothing retailer said that Q3 got off to a weak start, in line with the industry in many of the Group's key markets. Sales improved sequentially over the quarter, with the autumn collections getting off to a better start than last year.
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In local currencies, net sales slipped 4%.
The clothing retailer said that Q3 got off to a weak start, in line with the industry in many of the Group's key markets. Sales improved sequentially over the quarter, with the autumn collections getting off to a better start than last year.
Copyright (c) 2022 CercleFinance.com. All rights reserved.