H&M Stock Sinks as Second Quarter Profits Fall Below Expectations
Thursday, 27 June 2024, 08:02
H&M Stock Plunges 13% Amid Margin Target Concerns
Shares of H&M plummet more than 14% due to doubts surrounding the company's full-year margin target and June sales outlook.
Key Points:
- Stock Decline: H&M shares drop over 14% following disappointing second quarter profits.
- Margin Targets: Concerns arise over the company's ability to reach its full-year margin goals.
- Sales Outlook: Mixed outlook for June sales adds to investor unease.
Overall, the market reacts negatively to H&M's recent financial performance, highlighting the challenges ahead for the retail giant.
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