H&M shares plunge 14% after disappointing Q2 profit, cautious outlook

Shares of H&M dropped by more than 14% on Thursday morning after the company reported a smaller-than-expected increase in second-quarter profits. The disappointing earnings report also raised concerns about the retailer’s June sales and its ability to meet full-year profit margin targets. Q2 profit falls short of expectations H&M, the world’s second-largest retailer, announced an

Source: Invezz