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: Weinswig’s Weekly: US Retail Bankruptcies Jump 10X in 2023US Store Tracker Extra, May 2024: rue21 To Close 2.7 Million Square Feet of Retail SpaceDay Two at NRF 2023: Retail’s Big Show—Retailers Tap Tech To Streamline the Consumer JourneyWeinswig’s Weekly: Inclusivity, Premiumization and Innovation Lead the US Beauty Market Forward