H & M Hennes & Mauritz AB Class B

HM B: XSTO (SWE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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H&M Earnings: Tepid Sales but Solid Margin Improvement; Shares Fairly Valued

Jelena Sokolova

Jul 1, 2024

We are maintaining our fair value estimate for no-moat H&M as the company reported solid improvement in profitability in the second quarter and first half of the year, even as sales remained subdued.

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H & M Hennes & Mauritz AB Class B

H&M Earnings: Tepid Sales but Solid Margin Improvement; Shares Fairly Valued

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