The H&M group’s sales development in the third quarter 2022
Net sales increased by 3 percent to SEK 57,450* m (55,585) in the third quarter 2022, i.e., in the period 1 June 2022 to 31 August 2022, compared with the corresponding period last year. In local currencies, net sales decreased by 4 percent. The third quarter got off to a weak start, in common with the industry in many of the group’s major markets. Sales improved sequentially during the quarter, with a better start for the autumn collections than last year. * The amount is provisional and may deviate slightly from the nine-month report, covering the period 1 December 2021 – 31 August