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: Weak Top Line and Fragile Turnaround Disappoint; Shares Fairly Valued

Jelena Sokolova , Fabienne Pfeiffer

Jun 25, 2026

Hennes & Mauritz released its six-month results on June 25, 2026, with local sales down by 1% and an increase in operating margins of 70 basis points to 7.1%. Results came in below our expectations. Shares traded 4% down intraday.

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H & M Hennes & Mauritz AB Class B

H&M Earnings: Weak Top Line and Fragile Turnaround Disappoint; Shares Fairly Valued

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