H&M : Poor trading update makes slight EBITDA beat not convincing enough
>Minor difference in EBITDA, with a disappointing trading update - H&M’s Q2 2022 results were just a touch above our estimates with a beat of 1.7% in gross profit and 2.0% in EBITDA (SEK 10,197m vs SEK 9,994m estimated). The trading update, however, was disappointing as sales in June are expected to be -6% y-o-y in local currency, vs +3.5% we estimate for Q3. The slight beat in the P&L was mainly due to operating leverage, as overall costs were just 0.5% lower. Also, ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.