Retailer H&M posts stronger than expected return to profit

The Swedish clothing retailer estimated pre-tax earnings reached about 2bn kronor (€194m) in the three months through August, based on preliminary results

The Swedish clothing retailer estimated pre-tax earnings reached about 2 billion kronor (€194m) in the three months through August, based on preliminary results.

H&M has reported a return to profit that surged far past analysts’ expectations, a bullish sign for purveyors of fast fashion.

The Swedish clothing retailer estimated pre-tax earnings reached about 2 billion kronor (€194m) in the three months through August, based on preliminary results.