Company Earnings UpdateH&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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Analyst Corner: Chinese Consumers Still Embrace International Brands—If Those Brands Deliver: Three Key Findings from a New Study, with John HarmonConsumer Sentiment Flatlines Ahead of Big Tariff Reveal; Plus, Mass Merchandisers and Wholesale Clubs in Focus: US Consumer Survey InsightsAnalyst Corner: Exploring IKEA’s City Stores Worldwide, with John MercerUS CPG Sales Tracker: Beauty and Food Drive E-Commerce Growth; Discretionary Categories Rebound
