Here are Lucas’s pre-release comments ahead of H&M reporting its Q3 results on Thursday, September 24 ![]()
We expect the company’s revenue to grow by only 1% in local currencies, reflecting ongoing challenges in brand appeal and an increasingly demanding market environment. We expect profitability to remain stable, although we see previous tailwinds that supported the gross margin fading and operational expenses increasing. The key items we are monitoring in the upcoming report are September sales and the margin outlook.