Company Earnings Update 5 minutesRegister for Free AccessH&M (STO: HM-B) 2Q19 Results: Gains Market Share, Cuts Markdowns, Points to Long-Term Benefits of Transformation Coresight Research June 28, 2019 Executive Summary H&M confirmed its 2Q19 sales came in ahead of estimates and reported EPS of SEK 2.76, down 1.4% year over year and missing the consensus of SEK 2.81. Gross margin contracted 73 basis points (bps) to 55.4%, slightly below consensus of 55.5%, due to investments in transformation work. H&M reduced its store opening target and now plans a net addition of 130 stores in 2019 compared to 175 stores targeted earlier (including 295 openings and 165 closures). 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: Weinswig’s Weekly: Announcing a New Research Product for Coresight Research SubscribersIntroducing the New “Tech 25”: Retail-Tech Companies To Watch in 2024US, UK, EU & China Quarterly Economic Update, 1Q23: Stronger Economic Indicators Lead to Higher Consumer Spending in the US and UKThree Things You Need To Know: China Consumer Tracker—Consumer Confidence Falls
