Sweden's H&M, the world's second-biggest fashion retailer, on Wednesday reported a 33% growth in quarterly profit which beat expectations, as shoppers flocked to its stores in the aftermath of the pandemic.
The company reported a pretax profit of 4.78 billion Swedish crowns ($470.76 million) in the second quarter, up from 3.59 billion crowns a year earlier. Analysts polled by Refinitiv had on average forecast a 3.87 billion crown profit.
