US EditionH&M reveals subdued winter sales after annual profit hike
- For the year to November 30, H&M Group reported a 6% rise in operating profits, supported by strong fourth quarter performance, with earnings exceeding expectations.
- The group noted changes to its store estate and workforce, with 4,101 stores and nearly 2% fewer employees, as closures and revamps hurt sales last year.
- Margin discipline and cost control delivered a meaningful earnings beat despite uneven demand, while online sales continued to perform well, now accounting for over 30% of H&M Group sales.
- H&M expects its store-estate overhaul to have a slightly positive effect on sales in 2026, but the group cautioned net sales will drop 2% in local currencies in the two months to the end of January.
- Chief executive Daniel Erver said strengthened customer offering, cost control and improved inventory productivity advance long-term targets, while H&M Group closely monitors global trade and trade restrictions amid geopolitical and economic uncertainty.
17 Articles
17 Articles
H&M flags slow winter sales even as fourth-quarter profits beat expectations
H&M warned of a slowdown in recent winter sales on Thursday even as cost controls helped the fast-fashion retailer record better-than-expected results for the fourth quarter in what it called a "challenging environment".
Swedish textile giant Hennes & Mauritz (H&M) posted a net profit of 4.3 billion kronor (400 million euros) in the September-November quarter, the last quarter of its fiscal year, compared with 2.9 billion kronor (270 million euros) a year earlier. Analysts had expected a profit of 3.8 billion kronor (350 million euros).
DEXYPTAGE - The group is increasing in range and reducing costs. Despite an improvement in margins, sales remain under pressure.
Operating profit for the fiscal fourth quarter rose to $719.6 million, while sales fell 4.8% to $6.68 billion.
Hennes & Mauritz (OTCMKTS:HNNMY) Announces Quarterly Earnings Results
Hennes & Mauritz (OTCMKTS:HNNMY – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01, Zacks reports. Hennes & Mauritz had a net margin of 4.80% and a return on equity of 26.34%. Hennes & Mauritz Trading […]
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