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: The New Coresight 100: Leading the Retail Charge in 2025Three Data Points We’re Watching This Week, Week 19: China and US Consumer Sentiment in FocusInnovator Profile: ShopVision—Paving the Way for Intelligent E-Commerce with an AI TeammateFinancial Optimism Falls to Lowest Recorded Level: China Consumer Survey Insights
