Brief: H&M Q1 Operating Profit SEK 1,512 Mln Vs. IBES Estimate SEK 1,394 Million

H and M Hennes and Mauritz AB

26/03/2026 07:12

March 26 (Reuters) - H & M Hennes & Mauritz AB HMb.ST:

H&M Q1 GROSS MARGIN 50.7%

H&M Q1 NET INCOME SEK 704 MILLION

H&M Q1 EPS SEK 0.45

H&M Q1 OPERATING PROFIT SEK 1,512 MILLION VERSUS. IBES ESTIMATE SEK 1,394 MILLION

H&M Q1 SALES SEK 49,607 MILLION VERSUS. IBES ESTIMATE SEK 50,572 MILLION

SALES IN MONTH OF MARCH 2026 ARE EXPECTED TO INCREASE BY 1% Y/Y

OPTIMISATION OF THE STORE PORTFOLIO HAS HAD A SOMEWHAT  NEGATIVE IMPACT ON SALES IN THE FIRST QUARTER OF 2026 DUE TO  STORE CLOSURES AND REBUILDS

FOR FULL-YEAR 2026 THE  SALES EFFECT FROM STORE OPTIMISATION IS EXPECTED TO BE SLIGHTLY  POSITIVE.

Q1 NET SALES DECREASED BY 1% IN LOCAL CURRENCIES

FOR GOODS BEING SOLD IN Q2, OVERALL EFFECT OF EXTERNAL FACTORS IS ASSESSED TO BE SOMEWHAT POSITIVE Y/Y

AT THE END OF THE  QUARTER THERE WERE 163 FEWER STORES THAN AT THE SAME POINT IN  TIME LAST YEAR

SEES Q2 MARKDOWNS TO BE SOMEWHAT HIGHER THAN IN CORRESPONDING QUARTER PREVIOUS YEAR

CLOSELY MONITORING DEVELOPMENTS IN THE MIDDLE EAST AND THE IMPLICATIONS FOR GLOBAL TRADE

WITH GOOD  FLEXIBILITY IN THE SUPPLY CHAIN AND A LOW PROPORTION OF AIR FREIGHT, THERE ARE OPPORTUNITIES TO ADAPT THE FLOW OF GOODS TO CHANGED  CONDITIONS

SEVEN STORES IN BRAZIL, WITH THE FIRST IN RIO DE JANEIRO, ARE SO FAR CONTRACTED TO OPEN IN 2026

MIDDLE EASTERN MARKETS ACCOUNT FOR A SMALL PORTION OF THE COMPANY’S TOTAL SALES AND THE MARKETS ARE OPERATED  THROUGH FRANCHISE PARTNERS

Source text: ID:nWkr9VJZkN

Further company coverage: [HMb.ST]

 (Gdansk Newsroom)

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