H&M’s profits continue to be hit by costs and dollar
H&M said that in the second quarter ended May 31 operating profit fell to SEK 4.741 billion (€400.6m) from SEK 4.988 billion the year earlier, with the operating margin narrowing to 8.2 percent from 9.2 percent as high raw material and freight costs and a strong U.S. dollar continued to ...
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