Company Earnings Update 3 minutesRegister for Free AccessH&M (STO: HM-B) 3Q17 Results: Sales Below Expectations Coresight Research September 29, 2017 Executive Summary Swedish fashion retailer H&M reported SEK 51.2 billion in net sales in 3Q17, below the consensus estimate of SEK 52.0 billion and up 4.6% year over year. Constant-currency sales increased by 4.0% in 3Q17. The company’s gross margin contracted by 260 basis points year over year, to 51.4%. Diluted EPS was SEK 2.32, down 20.3% year over year and below the consensus estimate of SEK 2.37. Autumn collections were off to a good start, although sales slowed somewhat toward the end of September, which falls within 4Q17. The company stated that sales for the period did not develop in line with group targets. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Analyst Corner—A Budget for Retail? Reviewing the UK’s 2024 Finance Update with John MercerUS Store Tracker Extra, April 2024: Ross Stores To Open 2+ Million Square Feet of Retail SpaceRetail Around the World: Black Friday 2023—Coresight Research ObservationsSeptember 2023 US Housing Market Indicators: New Residential Construction Starts Drop to Lowest Point in Over Three Years