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: Three Data Points We’re Watching This Week, Week 23: US Retail Sectors in FocusOverall Sentiment Declines Despite Rate Cut—But Higher Earners Are More Confident: US Consumer Survey InsightsThe Tech-Driven Future of US Retail: AI To Power Smarter Supply Chains, Seamless Operations and Personalized ExperiencesWeekly UK Store Openings and Closures Tracker 2025, Week 52: Nearly 1,100 UK Stores Shut Their Doors in 2025
