Company Earnings Update 5 minutesRegister for Free AccessH&M (STO: HM-B) FY18 Results: Logistics Upgrade Proves a Drag on Profits Coresight Research February 1, 2019 Executive Summary H&M reported FY18 net sales were up 3% in local currencies, with an improvement to 6% in 4Q18. EPS was down 21.9% year over year in fiscal 2018, slightly missing the consensus of SEK7.8 recorded by StreetAccount, due to higher selling and administrative costs. In FY19, H&M plans to open 335 new stores, of which around 240 will be under the H&M banner. It plans to close 160 stores. 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: RetailTech: How Consumers and Grocery Retailers Can Reduce Food Waste from Field to FridgeWeekly US and UK Store Openings and Closures Tracker 2023, Week 38: US Store Closures Up Three-Quarters vs. Last YearThe Coresight Research FRESH Framework for AI Use and Food Waste Reduction in Grocery RetailAnalyst Corner—Explore Generative AI with John Harmon: Enormous Power and Potential, but Caution Advised
