WWD.com/beauty-industry-news/financial/h-m-profits-soar-29-in-first-578045
financial
financial

H&M Profits Soar 29% in First

Aided by lower sourcing costs during the wind-down of global textile quotas, Hennes & Mauritz said its first-quarter profits zoomed 29.1 percent to 1.5 billion Swedish kronor, or $217.1 million.