Company Earnings UpdateH&M (STO: HM-B) 1H17 Results: Sales Growth Mainly Driven by New Store Openings Coresight Research June 30, 2017 Executive Summary Swedish fast-fashion retailer H&M reported SEK 98.4 billion in net sales in 1H17, slightly below the consensus estimate of SEK 98.8 billion and up 8.6% year over year. Constant-currency sales increased by 5.0% in 1H17 and UK sales increased by 6.0%. The company’s gross margin contracted by 20 basis points year over year, to 54.7%. Diluted EPS was SEK 5.05, up 5.9% year over year and above the consensus estimate of SEK 4.84. H&M expects June 2017 group monthly sales including VAT to increase by 7% year over year in constant currencies. The company is targeting a 10%–15% increase in group sales in constant currencies in FY17. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: The Intelligent Inventory Playbook: How to Approach Inventory ExcellenceWeekly US and UK Store Openings and Closures Tracker 2025, Week 1: Big Lots Set to Keep Some Stores Open in 2025Sentiment, Tariffs and Inflation—How Is the US Shopper Reacting? US Consumer Survey InsightsWeekly UK Store Openings and Closures Tracker 2025, Week 35: Marks & Spencer and New Look To Close Stores
