accountvs forecast 3.8 bln * Q1 gross margin 57.8 pct vs forecast 58.3 pct * H&M says not passing on rising costs to shoppers * Feb local currency sales up 9 pct, March up 3 pct * Shares fall 4 pct (Adds analyst comments, detail, background...
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Reactions to UPDATE 3-H&M hit by cotton costs and currencies
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