H&M shares jump 10% on third-quarter sales beat as turnaround takes pace

H&M shares increased on Thursday after publishing better results than expected in the financial third quarter of the High Street retailer and showed signs of accelerating the return strategy.

Stocks increased by 10% to 8:48 am London (03:20 am meat).

The operating profit in the fashion retailer rose to a 40% increase in one year to 4.9 billion Swedish Krona ($ 522 million), before an estimation of 3.7 billion Swedish Krona by analysts in a LSEG poll.

In the meantime, net sales, for three months in August 57 billion Sweden Krona and 56.8 billion reached expected.

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