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Summary H&M’s growth and margins remain pressured by macro challenges. The updated near-term guidance signals more weakness ahead. With the valuation still pricey relative to the near-term setup, I would hold off on the stock. Multichannel European retaile...
Hennes & Mauritz ( OTCPK:HNNMY ) Q3 net sales increased by 3% to SEK 57,450M, in local currencies, net sales decreased by 4%. Gross margin excluding the one-time cost for Russia was 50.4% (53.2%); reported gross margin was 49% (53.2%). Increased raw materials and f...
Hennes & Mauritz press release ( OTCPK:HNNMY ): Q3 GAAP EPS of SEK0.32. Revenue of SEK57.45B (+3.3% Y/Y). For further details see: Hennes & Mauritz GAAP EPS of SEK0.32, revenue of SEK57.45B
H & M Hennes & Mauritz AB (publ) (HNNMY) Q3 2022 Earnings Conference Call September 29, 2022, 3:00 AM ET Company Participants Nils Vinge - Head, Investor Relations Helena Helmersson - Chief Executive Officer Adam Karlsson - Chief Financial Officer C...
Swedish retailer H&M ( OTCPK:HNNMY ) slid on Thursday after posting lighter than anticipated sales for the third quarter. Net sales increased 3% in the August-ended period as compared to the prior year, owing to a “weak start, in common with the industry in ma...
German retail sales saw their steepest year over year decline on record for the month of June, per the country’s Federal Statistical Office. “Compared with June 2021, retail trade recorded an 8.8% decrease in turnover in real terms in June 2022,” a press...
H&M Hennes & Mauritz ( OTCPK:HNNMY ) is closing its operations in Russia after 13 years of expansion into the country. The second largest fashion retailer in the world joins a host of companies winding down operations in the country following its invasion of Ukraine. Bus...
Hennes & Mauritz AB ( OTCPK:HNNMY ) is exiting Russia Business, citing the operational challenges and unpredictable future in the country, as the war in Ukraine continues - WSJ . The company paused all sales in Russia at the beginning of March in the...
As expected, H & M has seen trading rebound sharply now that restrictive COVID measures in Europe are behind it. Direct and indirect fallout from the war in Ukraine is now the main concern, with paused sales in the region as well as a deteriorating macro outlook both near-term hea...
H & M Hennes & Mauritz AB (publ) (HNNMY) Q2 2022 Earnings Conference Call June 29, 2022 8:00 a.m. ET Company Participants Nils Vinge - Head of Investor Relations Helena Helmersson - Chief Executive Officer Adam Karlsson - Chief Financial Officer Con...
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