H&M First-Quarter Profit Falls More Than Analysts Anticipated

Beyonce for H&M | Photo: Inez van Lamsweerde and Vinoodh Matadin

STOCKHOLM, Sweden — Hennes & Mauritz AB, Europe’s second-largest clothing retailer, reported first-quarter profit that fell more than analysts anticipated as the company invested in expansion and sales fell short of its expectations.

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H&M February Sales Fall 3 Percent, More Than Anticipated

H&M Spring/Summer 2013 Collection | Source: H&M

STOCKHOLM, Sweden -- Hennes & Mauritz AB, Europe’s second-largest clothing retailer, reported sales that dropped more than analysts anticipated. Revenue from stores and operations open at least a year dropped 3 percent, the Stockholm-based company said today, exceeding the SME consensus of a 1.9 percent drop.

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