• (PLX AI) – H&M shares fell 2% at the open as third-quarter sales recovered slower than expected.
  • • H&M Q3 sales SEK 55,585 million missed consensus of SEK 57,880 million, with lockdowns and restrictions in Asia continuing to hamper development
  • • The uncertainty around the pandemic and Asian effects may prevail in the near-term, SEB analysts said
  • • NOTE: Competitor Inditex topped consensus with first-half sales up 53% in constant currencies

Quelle: PLX AI