Company Earnings UpdateH&M (STO: HM-B) 3Q17 Results: Sales Below Expectations Coresight Research September 29, 2017 Executive Summary Swedish fashion retailer H&M reported SEK 51.2 billion in net sales in 3Q17, below the consensus estimate of SEK 52.0 billion and up 4.6% year over year. Constant-currency sales increased by 4.0% in 3Q17. The company’s gross margin contracted by 260 basis points year over year, to 51.4%. Diluted EPS was SEK 2.32, down 20.3% year over year and below the consensus estimate of SEK 2.37. Autumn collections were off to a good start, although sales slowed somewhat toward the end of September, which falls within 4Q17. The company stated that sales for the period did not develop in line with group targets. 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: Agentic Commerce—Google’s Universal Commerce Protocol Invokes “Multiplayer Mode”Agentic Commerce: How Retailers Can Make Their Products Discoverable and Shoppable for 800 Million ChatGPT UsersConsumer Sentiment Unpacked—Higher-Income, Younger Consumers Are Most Optimistic: US Consumer Survey Insights ExtraAnalyst Corner: UK Retail Crime Soars—Visibly Reflected in Stores, with John Mercer
