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

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.