H&M's Operating Profit Grows More than Expected in Q3
- On Thursday, September 24, 2026, Swedish fashion retailer H&M reported June-August operating profit of 6.04 billion crowns, surpassing the 5.14 billion crown mean forecast from LSEG analysts.
- CEO Daniel Erver credited the improved profitability to rigorous cost control and operational efficiency, pushing gross profit margin to 54.0% from 52.9% last year.
- Global supply chain disruptions due to conflict in the Middle East and logistics woes in Europe stymied third-quarter growth, leaving net sales broadly flat at 5.07 billion euros.
- Trading with 2 percent fewer stores, the retailer increased in-season purchasing under Erver's strategy to react faster to fashion trends and boost speed-to-market.
- The company expects September sales to increase 1 percent in local currencies, though Erver stated the firm sees "further potential to increase sales going forward.
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Hennes & Mauritz (OTCMKTS:HNNMY) Issues Quarterly Earnings Results
Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.05 EPS for the quarter, hitting analysts' consensus estimates of $0.05. Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. The business had revenue of $5.98 billion for the quarter, compared to analysts' expectations of $5.84 billion.
The sales of the Swedish company are stagnated in the first nine months of the year at 14,332 million euros
H&M boosts profits, but sales growth remains sluggish - RetailDetail EU
The H&M Group is seeing its cost savings and more efficient sourcing have an increasingly significant impact on its profits. The Swedish fashion group reported stronger-than-expected profit growth in the third quarter, while revenue remained virtually unchanged. CEO Daniel Ervér therefore believes there is still work to be done, particularly on the sales side.
H&M's operating profit grows more than expected in third quarter
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