Net sales of Swedish firm H&M at $5.04 bn in Q1 FY24

H&M saw net sales of SEK 53.69 billion ($5.04 billion) in Q1 FY24, a slight decrease from last year, but gross profit rose 7 per cent to SEK 27.65 billion, enhancing the gross margin to 51.5 per cent.
Operating profit soared to SEK 2.077 billion.
Post-tax profits reached SEK 1.2 billion.
The firm also reported a 22 per cent cut in greenhouse emissions.

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