Company Earnings UpdateH&M (STO: HM-B) 1H17 Results: Sales Growth Mainly Driven by New Store Openings Coresight Research June 30, 2017 Executive Summary Swedish fast-fashion retailer H&M reported SEK 98.4 billion in net sales in 1H17, slightly below the consensus estimate of SEK 98.8 billion and up 8.6% year over year. Constant-currency sales increased by 5.0% in 1H17 and UK sales increased by 6.0%. The company’s gross margin contracted by 20 basis points year over year, to 54.7%. Diluted EPS was SEK 5.05, up 5.9% year over year and above the consensus estimate of SEK 4.84. H&M expects June 2017 group monthly sales including VAT to increase by 7% year over year in constant currencies. The company is targeting a 10%–15% increase in group sales in constant currencies in FY17. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Retail Shrink and ORC: Cargo Theft Hits Record Levels in the US, Retail Crime Costs Soar in the UKWeekly US Store Openings and Closures Tracker 2025, Week 36: Bath & Body Works and Ollie’s Bargain Outlet To Open Additional StoresUS Tariffs: Divergence Between Consumer and Business Sentiment and What It Means for RetailUS Store Tracker Extra, March 2025: US Total Closed Retail Space Exceeds 100 Million Square Feet
