Hennes & Mauritz GAAP EPS of SEK 3.11, revenue of SEK 59.6B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2024
0mins
Source: SeekingAlpha
Hennes & Mauritz Q2 Earnings:
- Q2 GAAP EPS of SEK 3.11.
- Revenue of SEK 59.6B (+3.4% Y/Y).
- Significant improvement in cash flow from operating activities to SEK 12,600M.
Outlook for Hennes & Mauritz:
- Sales for June 2024 expected to decrease by 6% in local currencies compared to last year.
- Impact of unstable weather on sales in June, with recovery towards the end of the month.
- Later start to sale due to a well-composed inventory.
Additional Information on H&M:
- H&M seen as a margin expansion story with potential.
- Historical earnings data and dividend scorecard available for H&M Hennes & Mauritz AB (publ).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
