H&M Profit Beats Estimates on Tariff Refunds and Higher Margins

H&M reported better-than-expected earnings as improved margins and refunds of US tariffs helped the Swedish fashion retailer offset a modest growth in sales.

By Rafaela Lindeberg · Bloomberg

H&M reported better-than-expected earnings as improved margins and refunds of US tariffs helped the Swedish fashion retailer offset a modest growth in sales.