Company Earnings Update 3 minutesRegister for Free AccessH&M (STO: HM-B) 1H17 Results: Sales Growth Mainly Driven by New Store Openings Coresight Research June 30, 2017 Executive Summary Swedish fast-fashion retailer H&M reported SEK 98.4 billion in net sales in 1H17, slightly below the consensus estimate of SEK 98.8 billion and up 8.6% year over year. Constant-currency sales increased by 5.0% in 1H17 and UK sales increased by 6.0%. The company’s gross margin contracted by 20 basis points year over year, to 54.7%. Diluted EPS was SEK 5.05, up 5.9% year over year and above the consensus estimate of SEK 4.84. H&M expects June 2017 group monthly sales including VAT to increase by 7% year over year in constant currencies. The company is targeting a 10%–15% increase in group sales in constant currencies in FY17. 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: US and UK Retail Bankruptcies Latest, November 2023: Filings from Z Gallerie, Wiggle and OthersShoptalk 2024 “Shark Reef” Startup Pitch Competition: Preview—12 Innovators, Four Areas of Retail DisruptionAnalyst Corner—Keep Up with Retail Dynamics: The Fast Luxury Model with Sunny ZhengConsumers’ Appetite for In-Store Shopping Remains Resilient: China Consumer Survey Insights