Insight Report 3 minutes PremiumH&M (STO: HM-B) 1Q16 RESULTS: STRONG US DOLLAR AND MILD WEATHER HURT PROFITS Coresight Research April 6, 2016 Executive Summary Swedish fast-fashion chain H&M reported revenue of SEK 43,691 million for 1Q16, which ended February 29, 2016. This was up 8.5% year over year and broadly in line with the consensus estimate of SEK 43,702 million. Reported EPS was SEK 1.54 for 1Q16, down 29.4% from SEK 2.18 in the same period in FY15, but beating the consensus estimate of SEK 1.47. H&M’s CEO noted that noted that the unusually warm autumn resulted in much of the winter stock being unsold, and that the strong US dollar adversely affected sales and purchasing costs in the first quarter. He added that the company expects the currency effects to neutralize or have a slightly positive impact through the rest of the year. 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: Shoptalk 2023 Day Three: Web3—Spurring Change Across the Retail ChainEarnings Insights 4Q23, Week 4: Gildan Activewear, Sprouts Farmers Market and Walmart See Strong Sales Growth; The Home Depot Sees a DeclineThree Data Points We’re Watching This WeekShein’s “Supply Chain as a Service”: Reshaping Retail Logistics
