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H&M posts improved operating profit in Q1
27 Mar 2024 17:58 GMT
Image Courtesy : emerging-europe.com
First quarter net sales at the H&M group declined to 53,699 million Swedish krona, while gross profit increased by 7 per cent to 27,655 million Swedish krona, corresponding to a gross margin of 51.5 per cent.
The H…
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Net sales of Swedish firm H&M at $5.04 bn in Q1 FY24
27 Mar 2024 13:41 GMT
Swedish multinational fashion retailer Hennes & Mauritz (H&M) Group has reported a slight net sales decrease to SEK 53.69 billion (approximately $5.04 billion) in the first quarter of fiscal 2024 (Q1 FY24), ending February 29, 2024, compared to SEK …
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H&M’s spring clean is paying off as profit beats estimates under new CEO’s turnaround plan
27 Mar 2024 11:17 GMT
Hennes & Mauritz AB posted better-than-expected profit in the first quarter as it cut costs and introduced new spring looks that proved more attractive to shoppers after a weak holiday season.
The Swedish retailer recorded operating profit of 2.08 …
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H&M Group Q1 Profit Surges, Q2-year To Date Sales Rise; Stock Climbs
27 Mar 2024 09:04 GMT
Shares of Hennes & Mauritz AB or H&M Group (HNNMY.PK,HMRZF.PK,HEN.L) were gaining around 14 percent in the morning trading in Sweden on Wednesday after the Swedish clothing major reported significantly higher first-quarter profit, despite weak net …
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H&M beats earnings expectations as new CEO plots turnaround
27 Mar 2024 09:15 GMT
H&M, the world's second-largest listed fashion retailer, beat first-quarter operating profit expectations on Wednesday helped by a smaller-than-expected fall in sales.
The Swedish group posted an operating profit of €2bn, up from €725m and well …
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H&M Posts Better Profitability as Quarterly Sales Beat Estimates
27 Mar 2024 08:04 GMT
(Bloomberg) -- Hennes & Mauritz AB posted a stronger operating margin in the first quarter as the Swedish fast-fashion specialist tightens its focus on improving profitability.
First-quarter operating profit was 2.08 billion Swedish krona ($196 million …
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General Mills (GIS) Q3 2024 Earnings Call Transcript
26 Mar 2024 00:43 GMT
Image source: The Motley Fool.
General Mills (GIS 0.06%)
Q3 2024 Earnings Call
Mar 20, 2024, 9:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:
Operator
Good morning. My name is Audra, and I will be your …
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Retailers Set Sights on High-Income Shoppers’ Generous Fashion Budgets
27 Mar 2024 22:31 GMT
As retailers look to drive loyalty with high-income consumers, apparel and accessories emerge as a key point of entry for winning the biggest earners.
The February/March installment of the PYMNTS Intelligence series “New Reality Check: The Paycheck-to- …
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S&P 500 May Regain Ground Following Three-Day Losing Streak
27 Mar 2024 20:11 GMT
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks poised to attempt another rebound following pullback seen late in the previous session.
Traders may once again look to pick up stocks at somewhat reduced levels …
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BUSINESS CLOSE: Ithaca Energy cuts UK investment after windfall tax; Travis Perkins boss exits; S4 Capital suffers weak ad market
27 Mar 2024 17:56 GMT
By Live Commentary
Updated: 13:24 EDT, 27 March 2024
The FTSE 100 closed up 1.02 points at 7931.98. Among the companies with reports and trading updates today are Ithaca Energy, Travis Perkins, S4 Capital, Revolution Beauty Group, Nanoco and CMC Markets. …