H&M's first-quarter profit grows more than expected, sees March sales up 1%

H&M reported a slightly larger-than-expected rise in December–February operating profit and guided March sales to increase 1% in local currencies. The modest profit beat and small positive sales outlook are supportive for the stock but are unlikely to be market-moving beyond a single-digit percentage reaction.

Analysis

H&M reported a slightly larger-than-expected rise in December–February operating profit and guided March sales to increase 1% in local currencies. The modest profit beat and small positive sales outlook are supportive for the stock but are unlikely to be market-moving beyond a single-digit percentage reaction.