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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 39: UK Closures Up 39%Discount Decades—US Dollar and Discount Stores: Unlocking Their Potential for Future GrowthLivestreaming in Western Markets: A Beauty Renaissance Is on the HorizonAnalyst Corner: The Rise of Grocery Discounters with Sujeet Naik
