H&M slides as fashion giant's sales underwhelm
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H&M's shares fell nearly 5% after the company reported fourth-quarter sales that were below analyst expectations. Sales rose 3% in local currencies to 62.19 billion Swedish krona, but analysts had anticipated 63.48 billion.
January 30, 2025 | 12:30 pm
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H&M's shares fell nearly 5% after reporting Q4 sales that missed analyst expectations. Sales increased by 3% to 62.19 billion SEK, below the expected 63.48 billion.
The drop in H&M's share price is directly linked to the company's Q4 sales figures, which were below analyst expectations. This underperformance likely led to investor disappointment, causing the stock to fall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100