H&M Q2 Profit Beats Consensus; Sees Very Good Prospects of Dividend in Autumn

• (PLX AI) - H&M Q2 gross margin 53.9% vs. estimate 53.3%.
• • Q2 net income SEK 2,767 million vs. estimate SEK 2,629 million
• • H&M sees very good prospects of a cash dividend in autumn 2021
• • H&M says around 95 stores are still temporarily closed
• • CEO says our recovery is strong
• • Online sales have continued to develop very well even as the stores have opened, which shows that customers appreciate the collections and being able to shop via their preferred channel: CEO