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: Operational Measures Bear Fruit, Driving Margin Gains; Shares Fairly Valued

Jelena Sokolova , Fabienne Pfeiffer

Mar 26, 2026

H&M has released its first-quarter results for fiscal 2026, reporting a 1% decline in organic sales. However, gross and operating margins improved year over year. Results were below our estimates, largely due to adverse currency effects.

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H & M Hennes & Mauritz AB Class B

H&M Earnings: Operational Measures Bear Fruit, Driving Margin Gains; Shares Fairly Valued

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