H & M (HMB) Earnings, Q2 FY25

Swedish clothing giant H & M He needed to start the summer season on Thursday, to be a requirement to start shares.

The second largest clothing dealer in the world, since the sale of sales in June, after a slow start, the local currency has increased by 3%.

Shares increased by 7.25% by 7.2% by London.

The company, which includes the brands, the company, which includes COS, Acret and workdays, said that the buyers were not “especially valuable,” buyers.

This did not provide a specific detail in the influence of the US trade tariffs, but said that this is “closely following” and the price increase in price increases to replace additional costs.

“We begin to see some rivals growing some rivals, and this is of course that we are competing our competitiveness,” said CEO Daniel Erver, during a profit call.

H & M considers the United States as a second largest market and depends on the production in China, especially in China and Bangladesh.

“The United States will continue to be an important market for us,” Erver said Erver would be clearer in July 90-day Levy Pause expires the duration.

“There are opportunities to change the work to change the work with good agility in the supply chain and the price of the customer’s proposal,” the company added a statement that accompanies the results.

This comes as poor sales than expected in the second quarter of H & M.

In the 3-month period, the retail revenues in the 3-month period are $ 56.71 billion in Swedish Krona ($ 5.99 billion) are $ 56.71 billion. 31, 57.01 billion Swedish Krona forecast by LSEG analysts is slightly below. Sales in local currencies increased by 1%.

The operating profit was reduced in the quarter of 5.9 billion Swedish Krona, according to the expectations.

The company said the quarter’s consequences were more expensive than US dollars and higher freight costs with higher purchase prices.

“In the first half of the year, the negative external factors that increase the cost of procurement make the second half of the year,” he said.

In addition, 2025, primarily in established markets, mainly in the opening of 80 new store in the growth markets, 200 stores are planned.

The fashion seller has previously reported Start slowlyHowever, in March, he pointed to an annual uptody on sale.

H & M has faced a quarter of a few sequences because it struggles to close a wide gap Inditex owned opponent zara And stop increasing competition from low-precious retailers like Shein and Temu.

The confidence of US tariffs and weak consumers, this month has become a drag for a wider retail sector in the early month Weaker quarterly sales than expected A slow start between broad economic uncertainty.

Retail and consumer goods appeared as the most suffering sectors in Europe, according to a new report of the Law, Gotşal & Manges LLP, among the pressures between a new report, rising loan terms and loss of credit conditions