Fashion Retailer H&M Reports 6% Top-Line Growth In Q2
Portfolio Pulse from Shivani Kumaresan
H&M reported a 6% YoY growth in Q2 FY23 sales to SEK57.6 billion, with sales in local currencies remaining flat. Unfavorable weather conditions impacted sales in several large markets, while June has started well. Analysts expect warmer weather to help Q3 sales.
June 15, 2023 | 12:09 pm
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NEUTRAL IMPACT
H&M's Q2 FY23 sales grew 6% YoY, but unfavorable weather conditions impacted sales. June has started well, and analysts expect warmer weather to help Q3 sales.
H&M's Q2 sales growth is a positive sign, but the impact of unfavorable weather conditions on sales is a concern. However, June has started well, and analysts expect warmer weather to help Q3 sales, which could balance out the negative impact. Therefore, the short-term impact on HNNMY's stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100