H&M fourth-quarter sales disappoint due to late Black Friday
Swedish fast-fashion retailer H&M reported weaker-than-expected fourth-quarter sales on Thursday due in part to a late Black Friday, but said sales were up 4% in December and January, indicating a better start to the new fiscal year.
H&M's sales miss targets due to Black Friday setback and Red Sea shipping delays
The Swedish fashion retailer saw a dip in sales in the time leading up to Black Friday and Christmas, although it said sales growth improved in December and January
H&M Reports Weaker Than Expected Fourth-Quarter Sales
H&M's fourth-quarter sales were 62.19 billion Swedish crowns ($5.65 billion), up 3% in local currencies, a weaker performance than analysts' mean forecast of 63.48 billion Swedish crowns.
H&M's fourth-quarter sales dented by late Black Friday
H&M reported weaker-than-expected fourth-quarter sales on Thursday due in part to a late Black Friday, but said sales were up 4% in December and January, indicating a better start to the new fiscal year for the Swedish fast-fashion retailer.
H&M Sales Disappoint on Black Friday Timing
Hennes & Mauritz sales disappointed investors as the timing of Black Friday weighed on its quarterly figures while the new year has started at a slightly higher pace.
H&M sales miss expectations amid Red Sea delays and late Black Friday
Daniel Erver, who was appointed as the Hennes & Mauritz boss last January, said he is confident the group is ‘on the right track’.
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