Tag: $HM

Shares of H&M jumped on Thursday after the high street retailer posted better-than-expected results in the fiscal third quarter, and its turnaround strategy showed signs of gaining pace.

Swedish clothing giant H&M on Thursday pointed to an uptick in demand to kick-start the summer season, sending shares higher.

Swedish fast-fashion retailer Hennes & Mauritz posted lower-than-expected earnings as increased discounting, investments and a negative effect from factors like currencies and freight costs all hit profitability.

Shares of H&M dropped more than 5% on Thursday after the world’s second-largest retailer missed sales forecasts in the fourth quarter.

Shares of H&M tumbled as much as 8% on Thursday after the world’s second-largest listed fashion retailer posted a miss on operating profit and abandoned its earnings margin target.

Shares of H&M leapt 14% in early deals on Wednesday, after the Swedish retailer significantly beat profit expectations for its fiscal first quarter.

H&M’s new boss has pledged that the Swedish fast-fashion chain will invest more in reacting quicker to new trends, including by bringing some of its manufacturing from Asia closer to its main markets.

Shares of Swedish retailer H&M were down 9.8% at 11:20 a.m. London time on Wednesday, after the company announced weaker sales and the surprise departure of its chief executive.

H&M posted slightly weaker-than-expected fiscal second-quarter sales on Thursday, but prospects for a better third quarter after a strong start in June sent shares in the Swedish retailer up by 6%.