H&M Q3 Profit Climbs On Improved Margins, Tariff Benefits; Sees Sales Growth In Sept.

(RTTNews) - Swedish clothing retailer Hennes & Mauritz AB, or H&M Group (HNNMY.PK, HMRZF.PK, HEN.L, HM-B.ST) reported Thursday an increase in third-quarter net profit driven by improved operating margins and tariff-related benefits, with slightly higher net sales. Looking ahead, H&M Group said it expects September 2026 sales to increase by 1% in local currencies year-over-year. The retailer anticipates markdown costs as a percentage of sales in the fourth quarter of 2026 will rise somewhat compared with the corresponding quarter in the previous year. In the third quarter, net profit attributable to shareholders reached 4.123 billion Swedish kronor, compared with 3.229 billion kronor in the year-ago quarter. Earnings per share climbed to 2.