Company Earnings Update 4 minutesRegister for Free AccessH&M (STO: HM-B) 3Q18 Results: Logistics Costs, Online and Store Expansion Pummel Profit Margins Coresight Research September 28, 2018 Executive Summary For 3Q18, H&M reported a 6.6% increase in gross profit—to SEK 28.1 billion—yielding a gross margin of 50.3%. The company had already reported total 3Q18 sales growth of 9.0%. Operating income was SEK 4.0 billion, down by nearly 20% year over year and slightly below the consensus estimate of SEK 4.1 billion. In 4Q18, H&M expects no year-over-year increase in markdowns and expects sourcing costs to be slightly positive in light of the weakening US dollar against its basket of currencies. 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: Is the Future of Security Locked in Technology?: Insights Presented at NRF Protect 20234Q22 US Retail Inventory Tracker: Inventory Turnover Ratios Improve for Many RetailersNRF 2023: Retail’s Big Show Wrap-Up—Business Agility, Purpose, Technology and Personalization Characterize Retail’s FutureWeinswig’s Weekly: US Retail Bankruptcies Jump 10X in 2023