H&M profits climb despite slowdown in September sales
Fashion giant H&M has posted a boost in profits and sales for the first nine months of the year, despite sales in September slowing as a result of an “unusually hot” start to the autumn season.
H&M has today reported an 8% increase in net sales for the first nine months of the full financial year to 173.39bn Swedish krona (SEK) (£12.96bn).
Gross profit for the nine months to August 31, 2023, was also up reaching 87.24bn SEK (£6.52bn), while operating profit jumped to 10.2bn SEK (£760m) for the period.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.
