Company Earnings Update 5 minutesRegister for Free AccessH&M (STO: HM-B) FY18 Results: Logistics Upgrade Proves a Drag on Profits Coresight Research February 1, 2019 Executive Summary H&M reported FY18 net sales were up 3% in local currencies, with an improvement to 6% in 4Q18. EPS was down 21.9% year over year in fiscal 2018, slightly missing the consensus of SEK7.8 recorded by StreetAccount, due to higher selling and administrative costs. In FY19, H&M plans to open 335 new stores, of which around 240 will be under the H&M banner. It plans to close 160 stores. 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: Innovator Profile: Rodeo—Boosting E-Commerce Conversion with Passwordless Auto-loginConsumers Skeptical About the Economy, But Cautiously Optimistic About Their Own Finances: US Consumer Survey Insights 2023, Week 44US Consumer Tracker: Consumer Financial Security ImprovesWalmart To Expand Its Health Footprint, Plans To Nearly Double Its Healthcare Centers by 2025
