H&M beats earnings expectations as new CEO plots turnaround – ET Retail
H&M, the world’s second-largest listed fashion retailer, beat first-quarter operating profit expectations on Wednesday helped by a smaller-than-expected fall in sales. The Swedish group posted an operating profit of 2.08 billion crowns ($196 million), up from 725 million and well above the 1.43 billion expected by analysts in an LSEG poll. Sales fell by 2%,…