H&M profits jump but warns US tariffs to bite | Business

STOCKHOLM, Sept 25, 2025 (BSS/AFP) - Swedish fashion giant H&M on Thursday reported a sharp rise in net profit in the third quarter but warned US tariffs were expected to bite later this year. H&M said its net profit rose to 3.2 billion kronor ($340 million) for the June-to-August period, compared to 2.3 billion kronor a year earlier. Operating profit rose to 4.9 billion kronor, up from 3.5 billion kronor in the third quarter of 2024, even with four percent fewer stores. "Through a stronger customer offering, an improved gross margin and good cost control, we have strengthened operating profit compared with the same quarter last year," CEO Daniel Erver said in a comment. Sales fell from 59 billion kronor...