Company Earnings Update 3 minutesRegister for Free AccessH&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? Register for a free user account. This document was generated for Other research you may be interested in: Weinswig’s Weekly: Everything You Always Wanted To Know About Grocery (But Were Afraid To Ask)Day Three at NRF 2023: Retail’s Big Show—Quick Wins Are Key for 2023 Across Forecasting, Personalization and NFTsInnovator Profile: Veesual Enhances the Online Apparel Shopping Journey with Image GenerationChina Consumer Tracker: Avoidance Drops Ahead of Chinese New Year