trending Market Intelligence /marketintelligence/en/news-insights/trending/ynfomkst_egkow1pktx6gq2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

H&M reports drop in Q1'18 profit, sales while hinting at signs of turnaround

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

H&M reports drop in Q1'18 profit, sales while hinting at signs of turnaround

Fashion retailer H&M Hennes & Mauritz AB on March 27 reported a drop in fiscal first-quarter sales and profit due to bad weather and higher markdowns but hinted that its turnaround strategy was showing positive results.

The Swedish company said the March 21 launch of H&M and H&M Home on Alibaba Group Holding Ltd.'s e-commerce marketplace Tmall in China "exceeded our high expectations" and that the mid-March debut of its online store in India "got off to a very good start."

For the three months ended Feb. 28, H&M reported that earnings per share fell to 83 Swedish ?öre from 1.48 kroner in the year-ago period, beating the S&P Capital IQ consensus estimate for normalized EPS of 66 ?öre. Earnings were boosted by a one-off gain of 399 million kroner as a result of U.S. tax reform.

Sales excluding value-added tax declined to 46.18 billion kroner from 46.99 billion kroner due to unusually cold winter weather that sapped demand for spring garments and a high level of clearance sales as it shifted stock left over from the fiscal fourth quarter.

H&M is looking to expand this year, noting that it would enter Uruguay and Ukraine in the second half. It also plans to launch online franchises in Saudi Arabia and the United Arab Emirates in spring/summer 2018, which would give the retailer an e-commerce presence in 47 markets.

Afound, the company's newly developed off-price marketplace offering products from well-known and popular fashion and lifestyle brands, is due to be launched in 2018.

"The rapid transformation of the fashion retail sector continues," CEO Karl-Johan Persson said in a statement. "Many of our ongoing initiatives are giving good indications and results, even though they have not yet been implemented at a large enough scale to have a decisive effect on the overall results."

As of March 26, US$1 was equivalent to 8.20 Swedish kroner.