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. 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 29: UK Closures Up 91%Earnings Insights 1Q24, Week 7: The Latest Financial Commentary from Costco, Dollar Tree, Lululemon, PVH Corp. and MoreUsing the Coresight Research 3x3x3 Framework To Navigate a “Chutes and Ladders” Economy: Insights Presented at Golden Seeds 2023 Annual SummitRetailTech: Frictionless Check-In—Seamless Shopping Starts with Store Entry Through Biometrics and More
