H&M Q3 Profit Surges 40%, But Tariff Risk Clouds Outlook
Swedish fashion giant H&M reported a significantly stronger-than-expected third quarter, driven by solid consumer response to its autumn collections, though management cautioned that rising U.S. import tariffs could dampen margins going forward. From June to August, H&M’s operating profit climbed to 4.91 billion Swedish crowns (≈ US$523 million), up from 3.51 billion a year earlier. […]