STORY: H&M beat forecasts over the latest quarter as shoppers flocked back to stores.
The world’s number-two fashion retailer saw profits jump by a third to around $471 million over the March-to-May period.
Chief Executive Helena Helmersson said both stores and online shopping did well.
There are some warning signs for the coming months though.
H&M said sales in June fell 6%.
That was mostly as a result of halting sales in Russia, Ukraine and Belarus following the start of conflict in Ukraine.
Russia was its sixth-biggest market.
Soaring costs for raw materials and transport have also posed problems for retailers.
However, H&M was able to make up for cost pressures with an increase in full-price sales.
That saw its profit margin rise over the period.
Investors welcomed Wednesday’s (June 29) news, with shares in the firm jumping more than 5% in early trades.