BUSINESSQUARTZ
H&M's turnaround hit a speed bump as one-off costs dragged down earnings and sales fell short
H&M's operating profit remained flat at 5.91 billion kronor year-on-year due to one-off restructuring charges of 679 million kronor, leading to a sales shortfall.
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Adjacent reporting
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- FedEx Freight's first earnings as an independent company showed a steep profit drop
- Lululemon admits far more work is needed for a turnaround, and its stock sinks
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