H&M plunges 13% on doubts over full-year margin target, June sales outlook

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Shares of H&M plunged more than 14% Thursday morning after the company reported a smaller-than-expected increase in second quarter profits.

Shares of H&M plunged more than 14% on Thursday morning after the company reported a smaller-than-expected increase in second-quarter profits.

The world's second largest retailer also cast doubt over its June sales and full-year profit margin target.

 

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