Company Earnings UpdateH&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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Store Tracker Extra: US Store Openings and Closures 2024 Review and 2025 OutlookWeekly UK Store Openings and Closures Tracker 2025, Week 39: Amazon and Bodycare To Close All StoresAnalyst Corner: Wayfair Turns a Profit for the First Time in Four Years—Four Drivers of Its Performance, with Madhav PitaliyaAnalyst Corner: Holiday Spirit, Bigger Budgets: US Consumers’ Plans for the Fourth of July, Labor Day and the Holiday Season, with Aditya Kaushik
