H&M Hennes & Mauritz AB
Explore H&M Hennes & Mauritz AB
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H&M Hennes & Mauritz AB
Explore H&M Hennes & Mauritz AB
Core profile pages, annual revenue records, and related research hubs for this company.
Annual Revenue
FY2023 Revenue
$21.1B
▼ 5.4% vs FY2022 ($22.3B)
Source: Annual report / company filing
H&M Hennes & Mauritz AB reported $21.1B in revenue for fiscal year 2023. This represents a decline of 5.4% compared to the 2022 figure of $22.3B. In 2024, revenue increased to $22.5B.
Revenue slipped 5.4% year-over-year to $21.1 billion as post-pandemic demand misalignment fueled a SEK 10 billion inventory write-down and heavy promotional discounting that eroded gross margins.
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.