H&M slashes margin target for 2024 amid rising cost (Pink Limited Info:HNNMY)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2024
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Source: SeekingAlpha
Lower Margin Expectations: Hennes & Mauritz anticipates a reduced margin target for 2024 due to various factors impacting profitability.
Profit Decline Factors: The company reported disappointing operating profits for the June-August period, attributed to increased markdowns, rising costs, and heightened competition.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
