logo
Plus   Neg
Share
Email

H&M Q3 Net Sales Rise; Stock Dips

Swedish retailer Hennes & Mauritz AB or H&M Group (HNNMY.PK,HMRZF.PK,HEN.L) reported Monday that its third-quarter net sales increased 12 percent to 62.57 billion Swedish kronor from last year's 55.82 billion kronor.

In local currencies, net sales during the period from June 1 to August 31 increased by 8 percent.

The company said in a statement, "Well-received summer collections and increased market share confirm that the H&M group is on the right track with its transformation work to meet the customers' ever-increasing expectations."

H&M noted that activity levels related to the transformation work have remained high in the third quarter.

In Stockholm, H&M shares were trading at 186.52 kronor, down 2 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Department of Transportation says it received lesser number of complaints from consumers about airline services in August. In August, DOT received 1,712 complaints about airline service from consumers, down 1.0% from the total of 1,730 filed in August 2018 and down 8.7% from the 1,875 received... Shares of Netflix Inc. (NFLX) jumped 7% in extended trading session Wednesday after the online-video streaming giant said it added more subscribers in the third quarter after a disappointing previous quarter. The company's third-quarter earnings topped Wall Street estimates, as revenues surged 31%. Netflix... Alcoa Corp. (AA), the largest producer of aluminum in the US, Wednesday posted a wider-than-expected loss for the third quarter, reflecting a drop in revenues as well as one-time charges related to two smelters in Spain. The company also announced a "portfolio review" of its smelting and refining capacity...
RELATED NEWS
Follow RTT
>