Company Earnings Update 4 minutesRegister for Free AccessH&M (STO: HM-B) 3Q18 Results: Logistics Costs, Online and Store Expansion Pummel Profit Margins Coresight Research September 28, 2018 Executive Summary For 3Q18, H&M reported a 6.6% increase in gross profit—to SEK 28.1 billion—yielding a gross margin of 50.3%. The company had already reported total 3Q18 sales growth of 9.0%. Operating income was SEK 4.0 billion, down by nearly 20% year over year and slightly below the consensus estimate of SEK 4.1 billion. In 4Q18, H&M expects no year-over-year increase in markdowns and expects sourcing costs to be slightly positive in light of the weakening US dollar against its basket of currencies. 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: Three Things You Need To Know: US CPG—The Consumer Health CategoryBreathing New Life into the Shopping Experience: The Surge of the Resale Market—China Retail InsightsEarnings Insights 3Q24, Week 1: Costco, P&G, Tractor Supply Company and Walgreens Among the Companies Reporting Positive Sales GrowthWeekly US and UK Store Openings and Closures Tracker 2023, Week 35: UK Openings Up 27%
