Fashion retailer H&M Q3 sales slightly beat estimates on summer collections

H and M Hennes and Mauritz AB

24/09/2026 07:11

Overview
Sweden fashion retailer's Q3 net sales rose 1% in local currencies, slightly beating estimates
Q3 operating profit rose and beat analyst expectations, helped by one-time tariff effects
Company cites cost control and operational efficiency as drivers of improved profitability

Outlook
H&M expects September 2026 sales to rise 1% in local currencies versus prior year
Company says it is well placed to meet customer needs despite ongoing logistics disruptions

Result Drivers
COST CONTROL AND EFFICIENCY - Co said improved purchasing, cost control and more efficient operations drove profitability gains
ONE-TIME TARIFF EFFECTS - Qtr margins benefited from one-time effects related to tariffs and goods imports
SUMMER COLLECTIONS - Co said summer collections were well received and contributed to better sales development towards end of qtr

Company press release: ID:nWkrb7L6vn

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Beat*
SEK 57.19 bln
SEK 56.79 bln (14 Analysts)
Q3 EPS
 
SEK 2.58
 
Q3 Net Income
 
SEK 4.10 bln
 
Q3 Gross Margin
 
54.00%
 
Q3 Operating Profit
Beat
SEK 6.04 bln
SEK 5.03 bln (14 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)