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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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The sales of the Swedish company are stagnated in the first nine months of the year at 14,332 million euros
·Madrid, Spain
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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
·London, United Kingdom
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Coverage Details
Total News Sources30
Leaning Left2Leaning Right4Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
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