September 17, 2019 2 minutes

H&M (OMX: HM-B) 3Q19 Update: Sales Beat Estimates; Gains Market Share

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

H&M reported 3Q19 net sales of SEK 62.6 billion, up 12% year over year, higher than the 11% recorded in 2Q19 and with revenues slightly ahead of the consensus estimate of SEK 62 billion recorded by StreetAccount.
In local currencies, net sales growth was in line with the consensus estimate of 8% year over year.
H&M will publish its full 3Q19 report on October 3, 2019.

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