H & M Hennes & Mauritz AB (publ) Q1 2026 Earnings Recap

HM-B.ST Q1 2026 March 26, 2026

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H&M's Q1 2026 results showed steady improvements in profitability despite a challenging retail environment, with an operating margin increase to 8.4% and positive sales trends in February and March.

Earnings Per Share Beat

$0.47 vs $0.46 est.

+1.6% surprise

Revenue Miss

49607000000 vs 50544400000 est.

-1.9% surprise

Market Reaction

1-Day -2.18%

5-Day -0.23%

30-Day -3.18%

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Key Takeaways

Gross margin improved to 50.7%, supported by enhanced inventory planning and cost control.
Sales decreased 1% in local currencies, impacted by weaker December demand and currency translation effects of 9 percentage points.
Improved inventory productivity reached the highest levels in a decade, contributing to reduced working capital.
Launching a new flagship store in Stockholm and expanding into Latin America with new locations in Rio de Janeiro and Paraguay.
Continued focus on sustainability with a 34.6% reduction in absolute Scope 3 emissions and 91% of materials sourced from recycled or sustainable origins.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit HM-B.ST on AllInvestView.