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

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:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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(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.)