Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › H&M Profit Misses Estimates as Turnaround Questions Persist
Business & Finance

H&M Profit Misses Estimates as Turnaround Questions Persist

H&M Profit Misses Estimates as Turnaround Questions Persist
Bloomberg Markets Thursday 25 June 2026, 06:23 UTC By Rafaela Lindeberg 1 min read
Key Points

H&M Profit Misses Estimates as Turnaround Questions Persist H&M AB reported weaker-than-expected second-quarter earnings, posing a fresh challenge to the Swedish fast-fashion retailer’s turnaround efforts amid intense competition and cautious consumer spending. Operating profit for the three months through May came in at 5.91 billion kronor ($610 million), missing analysts’ average estimate of 6.3 billion kronor in a Bloomberg survey.

H&M Profit Misses Estimates as Turnaround Questions Persist H&M AB reported weaker-than-expected second-quarter earnings, posing a fresh challenge to the Swedish fast-fashion retailer’s turnaround efforts amid intense competition and cautious consumer spending. Operating profit for the three months through May came in at 5.91 billion kronor ($610 million), missing analysts’ average estimate of 6.3 billion kronor in a Bloomberg survey. Sales in local currencies fell 3%, compared with expectations for flat growth. H&M said sales in June are expected to be on par with the same month the previous year.
H&M AB (ORG) Swedish (ORG) Bloomberg (ORG) H&M (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Engines and Elevators Lift German Deals Past $120 Billion

Deals Engines and Elevators Lift German Deals Past $120 Billion Germany’s dealmakers are seeing some of their long-wished-for transactions come to fruition, driving the country to one of its busiest years for mergers and acquisitions in decades. The latest big deal to be announced is Volkswagen AG’s sale of a stake in its large marine engine unit, Everllence, to Bain Capital, a transaction that will generate proceeds of about €7.4 billion ($8.4 billion) for the automaker. Everllence has long...

Bloomberg Markets 22m ago

I've spent 30 years in recruitment - this is how to get a job

The recruitment agency boss shares his tips on getting noticed in a tougher jobs market.

BBC News 26m ago

Horizons Middle East & Africa 6/25/2026 (Video)

Bloomberg Markets 27m ago

SK Hynix ADR Seen Driving 30% Upside as Micron Gap Narrows

SK Hynix ADR Seen Driving 30% Upside as Micron Gap Narrows SK Hynix Inc.’s push for a US listing is spurring talk of another prize for shareholders: a potentially higher market value that may narrow its gap with US rival Micron Technology Inc. The discount in the Korean chipmaker’s shares to Micron’s is looking harder to justify as SK Hynix cements its lead in high-bandwidth memory, the chips powering Nvidia Corp.’s AI processors, money managers and analysts say. Plans to issue American...

Bloomberg Markets 27m ago