H&M net sales declines to Skr54.82bn in Q2

Swedish manner retailer H&M has reported nett income of Skr54.82bn ($5.64bn) for the 2nd 4th ended 31 May 2026, compared with Skr56.71bn successful the aforesaid play past year.

The retailer said trading successful underlying presumption was mostly unchanged, with income successful section currencies broadly successful enactment with the erstwhile year.

By the extremity of the quarter, the radical had astir 3% less stores than a twelvemonth earlier.

Reported income successful Swedish krona were affected by currency translation, with the strengthening of the krona reducing the fig by conscionable nether 3 percent points, the retailer said.

Gross nett for the 4th was Skr31.04bn, down from Skr31.42bn a twelvemonth earlier. However, gross borderline accrued to 56.6% from 55.4% a twelvemonth ago.

Operating nett was astir unchanged astatine Skr5.913bn, compared with Skr5.914bn successful the year-earlier period.

Operating borderline improved somewhat to 10.8% from 10.4% past year.

Profit for the play was Skr3.962bn, compared with Skr3.963bn a twelvemonth earlier, portion net per stock roseate marginally to Skr2.49 from Skr2.48.

For the archetypal six months of the fiscal year, H&M posted nett income of Skr104.43bn, down from Skr112.04bn successful the aforesaid play past year.

In section currencies, that represented a 1% decline.

Half-year gross nett totalled Skr56.18bn, against Skr58.59bn a twelvemonth earlier, portion gross borderline roseate to 53.8% from 52.3%.

Operating nett for the six months accrued to Skr7.42bn from Skr7.11bn a twelvemonth ago, and operating borderline improved to 7.1% from 6.4%.

Profit for the fractional twelvemonth was Skr4.66bn, up from Skr4.55bn successful the erstwhile year.

H&M ended the 4th with 4,038 stores worldwide, compared with 4,166 astatine the extremity of May 2025.

During the quarter, the institution opened its archetypal store successful Rio de Janeiro, Brazil, and reopened its flagship store connected Hamngatan successful Stockholm, Sweden.

The retailer said the full-year income interaction from its store optimisation programme is expected to beryllium somewhat positive.

The radical besides said it intends to unfastened its archetypal store successful Paraguay successful the 2nd fractional of 2026 and plans to participate Argentina successful 2027.

H&M CEO Daniel Ervér said: "The improvements we person made successful caller years person strengthened profitability, simplified operations and accrued our quality to enactment person to the customer.

"Centred connected the customers' needs, we proceed to fortify the product, lawsuit acquisition and marque successful bid to ever connection the champion operation of manner and prime astatine the champion price, successful a sustainable way."

"H&M nett income declines to Skr54.82bn successful Q2" was primitively created and published by Retail Insight Network, a GlobalData owned brand.