Newscasts - Fashion group H&M's Q3 profit rises more than expected

H and M Hennes and Mauritz AB

25/09/2025 11:00

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_rpup04h0&referenceId=tag:reuters.com,2025:newsml_RW786625092025RP1_930&pageId=Newscasts
Source: 'Reuters - Business videos'

Description: Swedish fashion group H&M reported on Thursday a substantially bigger rise than expected in third-quarter profit as shoppers took to autumn styles, but warned of higher tariff related costs in the current quarter. Ciara Lee reports.

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Video Transcript:

Swedish fashion group H&M reported on Thursday a substantially bigger rise than expected in third quarter profit. It said shoppers had taken to autumn styles, but it also warned of higher tariff-related costs in the current quarter. The world's second largest listed apparel retailer predicted the cost of tariffs on imports would have a bigger impact on gross margin in the three months through November. H&M is trying to boost profitability and attract shoppers through trendier clothes. It wants to compete with SHEIN and Inditex's Zara. Following two consecutive fiscal quarters of falling earnings, June to August operating profit was $523 million. H&M said it expected local-currency sales in September to be flat compared with a high year-ago figure. The firm's shares rose over 9% in morning trade.