FILE PHOTO: H&M logo is seen on a shop in Riga, Latvia January 30, 2020. REUTERS/Ints Kalnins
STOCKHOLM: H&M, the world's second-biggest listed fashion retailer, reported on Thursday a smaller-than-expected rise in March-May operating profit and said June sales were expected to fall, making its full-year earnings goal harder to achieve.
Operating profit in March through May, the Swedish group's second quarter, was 7.1 billion Swedish crowns ($672.5 million) against a year-earlier 4.74 billion and a mean forecast in an LSEG poll of analyst of 7.37 billion.
