Insight Report 4 minutes PremiumH&M (SS: HM-B) 3Q16 Results: Sales Miss Consensus And Sharp Profit Erosion Coresight Research October 3, 2016 Executive Summary Swedish fast-fashion retailer Hennes & Mauritz AB (H&M) reported SEK49.0 million in net sales in the three months ended August 31, 2016. This was below the consensus estimate of SEK49.5 million and up 6.4% from SEK46.0 million in the three months ended August 31, 2015. The company did not provide comparable stores sales growth rates. Diluted EPS was SEK2.91 for 3Q16, down 9.3% from SEK3.21 in 3Q16 and in line with the consensus estimate. H&M expects group revenues including VAT to increase by 1% year over year in local currencies in September 2016. Sales in September have been negatively affected by unseasonably hot weather resulting in a challenging start to 4Q16. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: E-Commerce for the Modern Consumer: Building Trust in a Digital AgeProcter & Gamble Investor Day 2024: Striving for Superiority and Prioritizing Productivity for Long-Term GrowthFinancial Optimism Weakens in Year-to-Date 2024: US Consumer Survey InsightsMay 2023 US Retail Traffic and In-Store Metrics: Recovery of Store-Based Sales Progresses as Year-Over-Year Declines Soften
