H&M : Fine-tuning estimates after sales report
>We are lowering our estimates after the sales report… - After the Q3 2023 sales report was published, we are fine-tuning all of our estimates, i.e. for the quarter, the full year and the coming years. This sales figure was disappointing, as discussed in our note ‘Sales in Q3 below our expectations’. As a result, our estimates for the remainder of the P&L and for the coming years are slightly reduced. However, in this revision we are giving the company credit, to a l...H & M Hennes & Mauritz is engaged in the sale of clothing and cosmetics in Sweden and internationally. Co.'s stores offer basics, tailored classics, sportswear, and maternity clothes for women; basics, leisurewear, and seasonal fashions for men; denim and street fashions; and fashion wear for children and teenagers, as well as accessories, underwear, and shoes. Co. also provides makeup and body care products; and home fashion products, which include interior textiles for the bedroom, bathroom, living room, and kitchen. Co. has approximately 3,132 stores, including 110 franchise stores, 85 COS stores, 79 Monki stores, 21 Weekday stores, 8 & Other Stories stores and 3 Cheap Monday stores.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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