H&M has reported improved H1 FY26 profitability despite lower sales, driven by stronger gross margins, disciplined cost control and better inventory management.
Second-quarter net sales fell to SEK 54.83 billion (~$5.62 billion), while underlying operating profit rose 11 per cent.
H1 net profit increased to SEK 4.67 billion (~$479 million).H&M has reported improved H1 FY26 profitability despite lower sales, driven by stronger gross margins, disciplined cost control and better inventory management.
Second-quarter net sales fell to SEK 54.83 billion (~$5.62 billion), while underlying operating profit rose 11 per cent.
H1 net profit increased to SEK 4.67 billion (~$479 million).
