H&M, the world’s second-biggest fashion retailer, said that its second-quarter profits hit almost $439 million. The Swedish firm said its summer collection was doing well as warm weather arrived in Europe
shoppers less vulnerable to the rising cost of living as fast-fashion giant Shein takes market share with less expensive clothes.
The share price jump was likely helped by a "short squeeze", said Adam Cochrane, analyst at Deutsche Bank Research, adding that "investors are reassessing the likelihood of H&M reaching management's 10% EBIT margin target given the better cost control evidenced in the quarter." Sales from June 1-27 were up 10% from a year earlier, a good sign for the start of H&M's third quarter. The H&M womenswear collection, as well as strong performance from the Cos and Arket brands, drove the boost in sales, Helmersson said.
H&M blamed high raw material and freight costs for the lower margin, but said these factors had "pivoted from being negative to being positive", indicating easing inflationary pressure, which Helmersson said could lead to it lowering prices.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
17 hidden iOS 17 features that you need to know about | Digital TrendsiOS 17 is loaded with a ton of great features — including a bunch of hidden ones you may have missed. Here are 17 of our favorites!
続きを読む »
17 Tiny Luxuries That Now Bring Joy To People Who Grew Up In Poor Households'I will never forget the day I made my last student loan payment. I went outside, laid on the grass, and cried happy tears.'
続きを読む »
Why 17-year-old Connor Bedard is about to become NHL’s next big thingTwin rarities greeted Connor Bedard on Tuesday in the forms of a tweet and a media gathering.
続きを読む »
Police officer investigated after 17-year-old shot dead in Paris suburbA French police officer is being investigated for homicide after shooting dead a 17-year-old on Tuesday morning in the Paris suburb of Nanterre after the youth failed to comply with an order to stop his car, the local prosecutor's office said.
続きを読む »
France heightens security after unrest prompted by police shooting of 17-year-oldFrance’s government announced heightened police presence around Paris and other big cities and called for calm after scattered violence erupted over the death of a 17-year-old delivery driver who was shot and killed during a police check.
続きを読む »
1 dead, 1 in critical condition after driver loses control of vehicle on U.S. 17An 18-year-old woman is dead, and a 21-year-old man is in critical condition after he lost control of his vehicle on U.S. 17 on Tuesday night, according to the Florida Highway Patrol.
続きを読む »