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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Hennes & Mauritz Earnings: Sales Holding Up but Margin Pressured; Shares Undervalued

Jelena Sokolova

Jun 26, 2025

Hennes & Mauritz delivered 1% local currency growth in the second quarter, or 3% excluding store closures, and operating margin was 150 basis points lower than the prior year. The market took the print positively, sending shares up 4%.

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H & M Hennes & Mauritz AB Class B

Hennes & Mauritz Earnings: Sales Holding Up but Margin Pressured; Shares Undervalued

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