H&M reported net sales of Skr54.82 billion for the second quarter ended 31 May 2026, down from Skr56.71 billion a year earlier. Gross profit fell to Skr31.04 billion from Skr31.42 billion, but gross margin improved to 56.6 percent from 55.4 percent. Operating profit was nearly unchanged at Skr5.913 billion, while operating margin edged up to 10.8 percent from 10.4 percent. Profit for the period was Skr3.962 billion, with earnings per share rising marginally to Skr2.49 from Skr2.48. The group ended the quarter with 4,038 stores worldwide, about 3 percent fewer than a year earlier, and plans to open its first store in Paraguay in the second half of 2026 and enter Argentina in 2027.
H & M Hennes & Mauritz AB (publ)Net sales declined year-over-year, indicating weaker financial performance.