Insight Report 4 minutes PremiumH&M (STO: HM-B) Fourth-Quarter FY 2015 Results: Below Expectations Despite Strong Expansion Coresight Research January 28, 2016 Executive Summary H&M reported revenue that was up 19%, to SEK180.9 billion (US$21.7 billion) for fiscal year 2015, and revenue that was up 14%, to SEK48.7 billion (US$5.8 billion) for the fourth quarter, but both periods’ results missed consensus estimates. Profit after tax was also below consensus; it was up 5% for fiscal year 2015, but down 11% for the fourth quarter. The company reported earnings per share of SEK12.63 (US$1.51) for the full year, an increase of 5% versus the prior year, but below the consensus estimate. The strong US dollar affected profitability during the fiscal year by increasing purchasing costs, while unseasonably warm weather in November affected sales in H&M’s core markets. Store and online expansion contributed to sales growth in a number of markets during the fiscal year, and the company plans continued expansion during fiscal year 2016a This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Focus on Sustainable Fashion: China Consumer TrackerRetail-Tech Landscape: Demand ForecastingWeekly US and UK Store Openings and Closures Tracker 2024, Week 2: Bodycare To Open 20 UK StoresEarnings Insights 2Q23, Week 6: Five Below and Lululemon Report Solid Results; Academy Sports, Big Lots and Signet Jewelers See Sales Decline