|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||3.5200 - 3.5620|
|52 Week Range||2.6000 - 3.7300|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||19.87|
|Forward Dividend & Yield||0.20 (5.80%)|
|1y Target Est||N/A|
Karl-Johan Persson became the CEO of H & M Hennes & Mauritz AB (publ) (STO:HM B) in 2009. First, this article will...
Netflix's Stranger Things 3 brought back the nostalgia of 1980s pop culture and boosted the streaming service as well as brands that changed consumer habits.
(Bloomberg) -- Hennes & Mauritz AB surged after the struggling Swedish clothing retailer showed progress coping with a buildup of unsold garments, raising hopes that the worst may be over after a three-year slump in earnings.Inventory dropped slightly as a proportion of sales, easing to 18.2% at the end of May from a record 18.9% as of last August, H&M said Thursday. Chief Executive Officer Karl-Johan Persson said H&M still aims to boost operating profit this year. The stock rose as much as 11% Thursday in Stockholm.A pickup in revenue growth at the start of the third quarter, helped by a heat wave in Europe, is boosting optimism that the retailer may have returned to a level of sales growth that could gradually put the inventory issue behind it. H&M pledged to reduce discounts for a fourth consecutive quarter as it aims to reduce its 40-billion kronor ($4.5 billion) buildup of unsold garments.Analysts pointed to the June revenue growth of 12% as the trigger for the share gain. The stock can be volatile because short sellers have targeted H&M, betting against almost a fifth of the freely traded shares.Better CompositionThe retailer said that the composition of inventory has improved, implying it will become easier to sell the garments. The family-controlled company has a goal of eventually reducing stock-in-trade to 12% to 14% of sales, a level last seen three years ago. When asked in an interview if that could take four of five years, CEO Persson said it should be less than that, saying he’s “confident” H&M is heading in the right direction.“H&M is improving its offer, which should lead to a sales and earnings recovery in time, albeit with execution risk in an ongoing tough competitive environment,” wrote Richard Chamberlain, an analyst at RBC Europe.The company has recently been offering discounts of up to half off on summer clothes, offering $1.99 camisole tops, $25.99 faux leather biker jackets and skinny jeans for $8.99.H&M also cut this year’s store expansion plan by 26% while pledging more investment in e-commerce. H&M now expects 130 net store openings, further decelerating from a rate that exceeded 400 in recent years. Most of the new H&M shops will be outside of Europe and the U.S. as the retailer seeks faster-growing markets.H&M has been plowing investment into e-commerce, adding online sales in Mexico, Thailand, Indonesia and Egypt this year.The Swedish retailer is trying to catch up after Zara owner Inditex SA made it possible to order clothes from its chains from virtually anywhere in the world. H&M’s e-commerce reach extends to about 48 markets.Inditex has forecast sales growth of 4% to 6% this year on a like-for-like basis as the Spanish retailer outperforms rivals such as Gap Inc.H&M is also trying to catch up with Inditex’s lead in RFID, a technology that allows retailers to track the location of clothes in stores and warehouses to boost efficiency. The Swedish retailer said it now uses RFID in 15 markets. Zara uses it in all its stores.The Swedish retailer said it plans to launch H&M on Indian e-commerce platform Myntra and its & Other Stories chain on China’s Tmall by this autumn.H&M warned that the weak krona is still pushing up buying costs as the retailer buys the bulk of its garments in Asia, where prices are linked to dollars. The krona was on average about 10% weaker against the dollar in the second quarter.Pretax profit dropped 1.3% in the three months through May, missing analysts’ estimates and declining an eighth consecutive quarter.To contact the reporters on this story: Thomas Mulier in Geneva at email@example.com;Hanna Hoikkala in Stockholm at firstname.lastname@example.orgTo contact the editors responsible for this story: Eric Pfanner at email@example.com, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
With a market capitalization of kr240b, H & M Hennes & Mauritz AB (publ) (STO:HM B) is a large-cap stock, which is...
Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider H & M...
Ideally, your overall portfolio should beat the market average. But even the best stock picker will only win with some...
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
The big shareholder groups in H & M Hennes & Mauritz AB (publ) (STO:HM B) have power over the company. Generally...
H&M Hennes & Mauritz AB announced the launch of its loyalty program, H&M Member, in the U.S.The two-tier program will include Member- and Plus-level status, birthday and member day discounts, free shipping on orders over $40, and perks with partner DryBar. H&M shares have gained nearly 27% for the year to date while the S&P 500 index is up 15.2% for the period.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll evaluate H & M Hennes & Mauritz AB (publ) (STO:HM B) to determine whether it could have pot...
H&M (OTCMKTS:HNNMY) unveiled its latest quarterly earnings results early on Friday, raking in a profit that was stronger than what Wall Street projected in its consensus estimate, while sales were up more than 10% year-over-year, playing a role in the company's stock soaring today.The Stockholm, Sweden-based retailer announced that for its first quarter of its fiscal 2019, it amassed a net profit of 803 million Swedish kronor, which came in at roughly $86.4 million. The amount was below the SEK1.37 billion from the year-ago quarter by about 41%.However, the amount was better than the earnings that Wall Street predicted H&M would amass at SEK525 million, according to a survey of analysts conducted by FactSet. The fashion retailer bet heavily on expanding its e-commerce business, including investments in its logistics and loyalty program.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company's sales for its first quarter, excluding value-added tax, reached SEK51.02 billion, which is about 10.5% ahead of the SEK46.18 billion that analysts predicted. Meanwhile, net sales between Mar. 1 and Mar. 27 gained roughly 7% on the year in local currencies."Our ongoing transformation work has contributed to stronger collections with increased full-price sales, lower markdowns and increased market shares," said H&M CEO Karl-Johan Persson. "The rapid transformation of fashion retail continues and we can see that our own transformation work is taking us in the right direction, even if many challenges remain and there is still hard work to do."HNNMY stock is soaring about 10% on Friday following the company's strong quarterly performance. More From InvestorPlace * 7 Marijuana Stocks to Play the CBD Trend * 7 Reasons to Buy Housing Stocks in 2019 * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos Compare Brokers The post H&M Earnings: HNNMY Stock Skyrockets on Profit Beat appeared first on InvestorPlace.
H&M had to offer less discounts to tempt shoppers, and expected this to continue in the current quarter. H&M has continued to invest in new concepts, such as Arket, a Nordic inspired store that includes fashion and home furnishings. A new H&M in the City of London has a fresh image that looks to have borrowed from Arket’s aesthetic.
COPENHAGEN, Denmark (AP) — Swedish low-cost fashion brand Hennes & Mauritz AB has announced first-quarter profit dropped to 803 million kronor ($86.4 million), down from 1.4 billion kronor a year ago, saying the earlier period was positively affected by one-off tax income as a result of U.S. tax reform.
To help it, the Swedish company just hired a man best known for revealing a data privacy scandal that rocked Facebook Inc. and raised serious questions around how some corners of technology are shaping human existence. At H&M, 29-year-old Christopher Wylie will help the company use big data and artificial intelligence to make sure it actually designs things shoppers want. If successful, the Cambridge Analytica whistle-blower might be able to help fix some of H&M’s most pressing issues, including getting its inventory under control and ultimately making the company more profitable.