H & M Hennes & Mauritz AB (publ) (STO: HM B) Q2 2025 Earnings | 6/26/2025

About this video

H & M Hennes & Mauritz AB (publ) (H&M) reported its Q2 2025 results on June 26, 2025, with operating profit and net income slightly ahead of analyst expectations despite ongoing macroeconomic and cost headwinds. Net sales for the quarter were SEK 56,714 million, down 4.9% year-over-year, reflecting a 4% reduction in the number of stores and currency translation effects. However, sales in local currencies increased by 1%, and excluding store closures, sales grew 3%. Gross profit came in at SEK 31,425 million, with a gross margin of 55.4%, impacted by higher purchasing costs due to a stronger US dollar and increased freight expenses. Operating profit was SEK 5,914 million, surpassing consensus estimates, but down from SEK 7,098 million a year ago, with an operating margin of 10.4%. Net profit for the quarter was SEK 3,962 million, or SEK 2.48 per share, also ahead of expectations but below last year’s result. H&M continues to optimize its store portfolio, closing 47 stores during the quarter, and expects to close over 200 stores in 2025, mainly in mature markets. CEO Daniel Ervér noted that investments in the customer offering and digital experience are yielding positive results, particularly in online sales, H&M womenswear, and the H&M Move line. The company expects external cost pressures that weighed on H1 results to turn positive in the second half of the year. For June 2025, H&M forecasts a 3% sales increase in local currencies, signaling a rebound in demand. Outlook: H2 2025: Expected easing of external cost pressures and continued focus on customer experience and product innovation Ongoing store portfolio optimization with net closures, especially in established markets Continued investment in digital upgrades, product range expansion, and supply chain efficiency About Inside Ticker: For more expert analysis and real-time updates on H & M Hennes & Mauritz AB (publ) (STO: HM B) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #HM #HennesMauritz #Q22025 #Earnings #Retail #Fashion #FinancialResults #StoreClosures #DigitalTransformation #InvestorUpdate #InsideTicker