• H&M's revenue and profit increase, aims to double sales by 2030

    3 monthes ago - By Fashion United

    Image: H&M media centre
    Full-year net sales at H & M Hennes & Mauritz AB, in local currencies increased by 11 percent in the fourth quarter 2021 compared with the corresponding period last year. Converted into SEK net sales increased by 8 percent in the quarter to 56,813 million Swedish krona.
    For the financial year 2021 the H&M group's net sales in local currencies increased by 12 percent. Converted into SEK net sales increased by 6 percent to 198,967 million Swedish krona.
    Gross profit increased to 105,006 million Swedish krona corresponding to a gross margin of 52.8 percent. Profit...
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  • Apple Q1 2022 Revenue Increases to Record-Breaking $123.9 Billion USD Despite Supply Issues

    Apple Q1 2022 Revenue Increases to Record-Breaking $123.9 Billion USD Despite Supply Issues

    3 monthes ago - By Hypebeast

    Apple recently released its earnings report for the first quarter of 2022 , which ended on December 25, 2021. The holiday rush proved to give Apple a great start to the year, as the company reported an all-time high in revenue, raking in $123.9 billion USD. The company also reported a net income of $34.6 billion USD with gross margins that exceeded 43%. Apple CEO Tim Cook said, "This quarter's record results were made possible by our most innovative lineup of products and services ever." In particular, Apple brought in more sales on iPhones , Macs and wearables than any other quarter. At...
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  • Samsung's Q4 2021 Profits Decline Despite Record High Revenue

    Samsung's Q4 2021 Profits Decline Despite Record High Revenue

    3 monthes ago - By Hypebeast

    Despite reporting record revenue for Q4 of 2021, Samsung has seen a drop in profits over the quarter. Consolidated revenue for the period came in at $63.7 billion USD, but operating profit was just $11.5 billion USD, marking a slight decline year-over-year due to hefty bonuses given out to employees. Overall revenue for the year also reached a record high of $232.5 billion USD, with $42.9 billion USD in operating profit. While overall performance has been exceptional, the company's memory and display panel divisions have not done as well as expected, largely due to COVID-related supply...
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