H&M Reports Q2 Net Sales Decline to SEK 54.82 Billion
Swedish fashion retailer H&M reported a decline in net sales for the second quarter of fiscal year 2026, with revenue falling from SEK 56.71 billion to SEK 54.82 billion compared to the same period last year. The drop was partly attributed to currency translation effects due to a stronger Swedish krona and a reduction in store count by about 3%. Despite lower sales, H&M improved its gross margin from 55.4% to 56.6%, with operating profit remaining nearly unchanged.
Topics: financial results profitability retail sales decline