By Dominic Chopping

STOCKHOLM--Swedish fashion retailer Hennes & Mauritz is scheduled to report results for its fiscal fourth quarter on Thursday. Here is what you need to know:

NET PROFIT: H&M is expected to report net profit of 3.95 billion kronor ($442.1 million) for the September-November period, according to a FactSet poll. This compares with 3.09 billion kronor a year earlier.

SALES: Sales are expected to fall 4.1% to 59.66 billion kronor, according to FactSet.

Shares have fallen 14% over the past 12 months to around 154.50 kronor.

WHAT TO WATCH:

--The company has estimated that sales growth in September was flat, and Inderes analyst Lucas Mattsson says he thinks October sales were soft due to weakness in key markets such as Germany, the U.S., and U.K. November sales could have seen some improvement though, supported by colder weather and the earlier timing of Black Friday.

--Inderes forecasts overall fourth-quarter local-currency revenue growth of 1%, but due to a negative currency impact of around 6% from a stronger krona, it expects reported revenue to decline by 5%.

--The gross margin could move higher, with Mattsson expecting 55.4% in the quarter, up from 54.6% in the same quarter a year earlier, as supply chain efficiencies, lower freight costs, and dollar weakness offset tariff impacts and higher markdowns.

--H&M should disclose current trading data--covering sales growth in December and January--and Citi believes market expectations are for flat to 1% growth, despite Visible Alpha first-quarter consensus looking for growth of 2.2%.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

January 27, 2026 09:58 ET (14:58 GMT)

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