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By
Reuters
Published
Jun 24, 2010
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H&M posts Q2 profit in line, misses May sales fcast

By
Reuters
Published
Jun 24, 2010

STOCKHOLM June 24 (Reuters) - Swedish fashion giant Hennes & Mauritz (HMb.ST) posted second-quarter pretax profit roughly in line with forecasts on Thursday while cold weather hit same-store sales in May.

H&M
Un concept store H&M - Vancouver

Pretax profit in the company's second quarter -- which runs from March to June -- was 7.0 billion Swedish crowns ($905 million) versus a mean forecast of 7.1 billion in a Reuters poll of 20 analysts.

May sales in comparable units fell by 4.0 percent compared to the same month last year.

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